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Banks & Banking – Breach of Duty – Negligent Misrepresentation – Derivative Claims (access required)

Browne v. Thompson. (Lawyers Weekly No. 11-15-0255, 21 pp.) (John Jolly, J.) N.C. Bus. Ct. Click here for the full text of the opinion. Holding: In a case in which a bank purchased a mortgage company associated with risky loans, shareholders of the bank cannot claim that the action caused them to lose money because the ...


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