A Fayetteville law firm’s failure to have a written partnership agreement with an attorney who later left the firm created a mess that the North Carolina Business Court had to sort out in a novel decision.Read More »
Meyer v. Fargo Cattle Co. (Lawyers Weekly No. 012-068-16, 11 pp.) (Ann Marie Calabria, J.) Appealed from Wake County Superior Court (G. Bryan Collins, J.) N.C. App. Unpub. Holding: Where the defendant-corporation elected not to buy the complaining shareholder’s (plaintiff’s) ...
Tagged with: DissolutionRead More »
Yates v. Brown Both plaintiff Yates and defendant Brown are minority shareholders of Renewable Fibers, LLC; consequently, their status as shareholders did not impose a fiduciary duty on defendant Brown with respect to plaintiff Yates.Read More »
Partnership – At Will – Dissolution – Civil Practice – Discovery – Protective Order – Continued Profits – Personal Relationship
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 ...Read More »