Mediated settlement reached in Indian Beach condo disputeThe plaintiff was serving as general contractor on a 70-unit condominium project located at Indian Beach ("the project") in a contract with Shearin Family Investments, LLC ("Shearin"). The defendant was the construction lender for the project. Beginning in 2007, the plaintiff provided construction services for the project. Shearin was chronically behind on payment, and, therefore, caused ...
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Published: August 2, 2010
Time posted: 1:43 pm
Tags: Bankruptcy, Breach of Contract, Breach of Fiduciary Duty, Condominiums, Construction, Constructive Fraud, Eastern District of N.C., Financing, third-party, U.S. Bankruptcy Court, unfair & deceptive acts, Unfair Trade Practices