North Carolina Business Litigation Report

Reeve and Assocs., Inc. v. UCB, 1997 NCBC 2 (N.C. Super. Ct. Oct. 6, 1997)(Tennille)

A senior lienholder had no fiduciary duty to a junior lienholder. The mere fact that the senior lienholder took action to cause its debt to be paid down did not establish domination and control of the debtor's business so as to give rise to a fiduciary duty. The senior lienholder's efforts to collect its debt did not constitute tortious interference with contract.

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Mack Sperling
Brooks Pierce, LLP
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