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Verdicts & Settlements

Swain County HOA wins $2.4M verdict in defective roads dispute (access required)

A western North Carolina homeowners association has been awarded $2.4 million in compensatory damages in a dispute over defective roads - a verdict that may be the largest ever in Swain County, an attorney associated with the case said. Jurors returned the verdict on Feb. 17 after a two-week trial. The Alarka Creek Properties Homeowners Association sued Cane Creek Development Corporation of Bryson City and Charlotte-based W.K. Dickson & Co., alleging breach of express and implied warranties, breach of contract, negligence, fraud and unfair and deceptive trade practices.

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Investment adviser fraud claim settles pre-suit for $18.85 million (access required)

 Settlement Report Type of action: Investment adviser fraud/negligence Injuries alleged: Loss of investment, fees paid to advisers Case name: Case settled confidentially without filing suit Court: Wake and Mecklenburg counties Verdict or settlement: Settlement Date: Spring 2010 Amount: $18.85 million         ...

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