Best Cartage, Inc. v. Stonewall Packaging, LLC Knowing about defendant Stonewall Packaging, LLC's partnership with defendant Jackson Paper Manufacturing Co., plaintiff nevertheless chose to enter into a contract with Stonewall alone. Plaintiff is bound by that choice and has no breach of contract claim against Jackson.
Williams Overman Pierce, LLP v. Duncan (Lawyers Weekly No. 11-15-0369, 8 pp.) (James L. Gale, J.) N.C. Bus. Ct. Click here for the full text of the opinion.
Holding: Pursuant to the parties’ settlement agreement, after being involuntarily terminated from the plaintiff-partnership, defendant can avoid the parties’ covenant not to compete if he pays the partnership [...]
Coremin v. McNamara. (Lawyers Weekly No. 10-15-1038, 13 pp.) (Ben F. Tennille, Ch.J.) N.C. Bus. Ct.
Holding: Where the parties’ partnership was at will, either partner could end the partnership, regardless of motive, without breaching the partnership agreement. Hence, plaintiff is not entitled to information about the business’ profits after the partnership ended, nor is he [...]
Leiber v. Arboretum Joint Venture, LLC. (Lawyers Weekly No. 09-15-0847, 34 pp.) (Ben Tennille, J.) N.C. Bus. Ct.
Holding: For 15 years, plaintiff’s $445,000 investment in the defendant-investment ventures was handled by Wolfram Count von Spreti, and plaintiff never complained to defendants about this arrangement. Defendants were entitled to treat Spreti as plaintiff’s agent.
Summary judgment for [...]
White v. Thompson. (Lawyers Weekly No. 09-07-0431, 22 pp.) (James A. Wynn Jr., J.) (Sam Ervin IV, J., concurring in part and dissenting in part) Appealed from Columbus County Superior Court. (Douglas B. Sasser, J.) N.C. App.
Holding: A partner’s internal partnership acts were not in or affecting commerce, meaning that the trial court erred by [...]
Gaskin v. J.S. Proctor Co. (Lawyers Weekly No. 09-07-0369, 16 pp.) (Donna S. Stroud, J.) Appealed from Mecklenburg County Superior Court. (Albert Diaz, J.) N.C. App.
Holding: Like a shareholder, before a limited partner can sue his general partners, he must allege a special duty owed to him or a distinct injury suffered by him that [...]
Wiggs v. Peedin. (Lawyers Weekly No. 08-07-1387, 13 pp.) (John M. Tyson, J.) Appealed from Wayne County Superior Court. (Jack W. Jenkins, J.) N.C. App.
Holding: A widow continued her husband’s commercial hog farming operation with plaintiffs for five years after her husband’s death. She may be bound by the terms of her husband’s partnership agreement [...]
Even though the plaintiff-liquidator was properly elected by the plaintiff-limited partnerships, since the liquidator plans only to pursue certain of the limited partnerships’ legal claims rather than winding up all of their affairs in this state, the court will exercise its inherent power to appoint a receiver for the limited partnerships.
The defendants’ motion to dismiss [...]