By Jeff MacHarg and Camryn Rohr
To practitioners familiar with internal disputes involving closely held companies, the allegations in Lafayette Village Pub, LLC v. Burnham, 2025 NCBC 8, are
Continue Reading A(nother) Cautionary Tale on the Importance of Operating Agreements
A member seeking to dissolve an LLC which owns a mothballed amusement park in Maggie Valley, North Carolina, didn’t have a “ghost of a chance” to close out a struggling
Continue Reading Business Court Gives Maggie Valley’s Ghost Town in the Sky More Time to Scare up Some InvestorsBefore you judge a man, walk a mile in his shoes. After that who cares? He’s a mile away and you’ve got his shoes!
-Billy Connolly, Scottish comedian, shoe sage.
Continue Reading Derivative Claim Boots are Made for Walking, Business Court Says, but Only When an LLC Leaves Them on the Rack.
The Business Court sorted through the drama of an affiliated outsider who wanted to buy a company, settled for half and became an insider, and then allegedly used that perch
Continue Reading N.C. Business Court Declines to Adopt Rule that a Minority Shareholder Exercising “Actual Control” Could Have Fiduciary Duty to Other Shareholders.
In its second opinion in Bennett v. Bennett, 2019 NCBC 45 (N.C. Super. Ct.
Continue Reading Don’t Fence Me In Again
In the Business Court’s first opinion of 2019, Slaughter v. Winner Enterprises of Carolina
Continue Reading War of the Roses