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Johnston Allison & Hord Attorneys
Johnston Allison & Hord Attorneys
Johnston Allison & Hord Attorneys
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Johnston, Allison & Hord
1065 East Morehead Street
Charlotte, NC 28204
704.332.1181    Fax: 704.376.1628
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July Lender Alert: New Cause of Action Against Lenders in North Carolina

For the first time a North Carolina court has found a cause of action exists against a lender for breach of duty to negotiate in good faith. In RREF BB Acquisitions, LLC v. MAS Properties, L.L.C., No. 13 CVS 193, 2015 WL 3646992 (N.C. Super. June 9, 2015) the North Carolina Business Court allowed the claim to survive the lender’s motion for summary judgment.

 

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