An intra-congregational dispute over control of church bank accounts led the Wakefield Missionary Baptist Church to a schism that forced out a senior pastor, saw church doors locked, and resulted
Continue Reading A Business Court Finds There is Little “Neutral” Ground in Disputes Over Church Business
“As Is” Purchases of Commercial Property May Come with Limited Remedial Tools to Avoid Closing, Business Court Confirms
As failed commercial property deals go, the one at the heart of Miriam Equities, LLC v. LB-UBS-2007-C2 Millstream Road LLC, 2022 NCBC 3, was not outside the norm
Continue Reading “As Is” Purchases of Commercial Property May Come with Limited Remedial Tools to Avoid Closing, Business Court Confirms
Some Corporate Insiders Can Safely Throw Stones from Glass Offices
NC Supreme Court Reaffirms that Raising Funds from Outside Investors, Even Fraudulently, is not a “Business Activity” Subject to Unfair and Deceptive Trade Practice Scrutiny
The North Carolina Supreme Court
Continue Reading Some Corporate Insiders Can Safely Throw Stones from Glass Offices
All that Glitters May Just be Yellow Paint
Defendant in “Sham Technology” Case Wins Jurisdiction Argument on Lack of Service, but Waives it by Appearing Post-Judgment in Attempt to Protect Assets
In the Land of Technology Oz a
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When Finding a Corporate Stalemate is Like Searching for Bobby Fischer
Judicial Dissolution of a “Deadlocked” LLC in North Carolina is a Big Ask When There is Evidence of Even Limited Cooperation Among Members
Plaintiff Lee Norris and defendant James Schaafsma
Continue Reading When Finding a Corporate Stalemate is Like Searching for Bobby Fischer
No Harm, No Foul
Business Court Pockets its Whistle on Claims that Hoops Commentator Billy Packer’s Company Unfairly Changed Roster for Mountain Development
Longtime college basketball commentator Billy Packer is credited with one of
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NC Supreme Court Endorses Flexibility for Business Court in Determining “Fair Value” for Dissenting Shareholders
In 2017, British American Tobacco (BAT) purchased a North Carolina-based tobacco company, Reynolds American Inc., for $49 billion. The deal allowed BAT to acquire the 57.8% of Reynolds it
Continue Reading NC Supreme Court Endorses Flexibility for Business Court in Determining “Fair Value” for Dissenting Shareholders
Swapping Litigation Horses Midstream is a Treacherous Course
At Least Make Sure You’re Still in the Water if you Must Try It
Sometimes, when discovery in a commercial case has been a mess, a party that imposes unusual
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The Trouble with Trebles
CBD Industry Dispute Examines when Conduct Outside an Entity can be Considered an Internal Dispute that Avoids Gateway to Unfair Trade Practice Damages
The CBD product market, by some estimates,
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One Law Firm. Two Clients. Three Times the Complexity.
Counsel in North Carolina Derivative Actions can Represent Company, and Targeted Directors who do not Face “Serious Charges of Wrongdoing”
Amidst a “bitter family dispute” over future control of a
Continue Reading One Law Firm. Two Clients. Three Times the Complexity.