If you didn’t think a case with a $55 million default judgment could get more interesting, you were wrong. The Business Court awarded a total of $82 million in damages this week against a company that successfully set aside the lesser default judgment.
In Deutsche Bank Trust Co. Americas v. TradeWinds Airlines, Inc., three
In what Judge Tennille described as a "close case," the Business Court reconsidered and reversed the prior dismissal of a breach of fiduciary duty claim, but the principles it outlined should not give litigants high hopes for reconsideration motions in general.
Charlotte-Mecklenburg Hospital Authority v. Wachovia Bank, N.A. involved an investor suing its advisors over investments
For anyone who has agonized over a decision between moving to dismiss or moving to compel arbitration, your strategic torment may be over. A short but important order from the Business Court yesterday ruled that the two options are not mutually exclusive.
In Triad Group, Inc. v. Wachovia Bank, N.A., a bond swap lawsuit filed
The insolvency of prominent contractor Bostic Construction, Inc. has been a fertile source of Business Court litigation over the last couple of years in three cases against the company’s officers and directors. A recent Bankruptcy Court decision from the Middle District permits the Business Court cases to proceed, holding that they are not barred by
The City of Richmond was kind to the City of Greensboro last week. After nearly a decade of litigation and arbitration, the Fourth Circuit affirmed the district court’s rejection of a challenge to a nearly $15 million arbitration award against the general contractor of a wastewater treatment facility.
The published opinion in MCI Constructors, LLC v. City of