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Home / Courts / N.C. Business Court / Securities – Fraud – Embezzlement of Investment Funds – Negligent Misrepresentation (access required)

Securities – Fraud – Embezzlement of Investment Funds – Negligent Misrepresentation (access required)

A negligent misrepresentation claim arising from pre-contractual conduct was not barred by the economic loss rule. We deny defendants’ motion to partially dismiss plaintiffs’ complaint. Plaintiffs invested in defendant corporation, based on the representation that the company would use investor funds to develop doctor’s offices and other healthcare properties. Plaintiffs invested several million dollars, documented in eight ...

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