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Federal Court Finds Plaintiff Article III Standing in FCRA Suit

In a recent decision from the Middle District of North Carolina, a federal district court found a plaintiff in a Fair Credit Reporting Act FCRA case to have Article III standing to bring his claims in federal court, relying on the Supreme Court’s ruling in Ramirez last year.

Federal Court Finds Plaintiff Article III Standing in FCRA Suit

In a recent decision from the Middle District of North Carolina, a federal district court found a plaintiff in a Fair Credit Reporting Act FCRA case to have Article III standing to bring his claims in federal court, relying on the Supreme Court’s ruling in Ramirez last year.

NC Business Law: Duress Must Come from Outside Threatened Breach

To rescind an unfavorable agreement based upon duress, a party must show factors other than the opposing party’s mere threat to breach an agreement. Absent such outside factors, the Business Court held, a shareholder was not entitled to rescind the the shareholder agreement.

North Carolina SPVs Do Not Automatically Permit Veil Piercing

An entity created for a special purpose does not mean piercing the entity’s corporate veil is appropriate. A plaintiff must assert factual allegations showing the SPV is an instrument and/or alter ego of another. Loray Master Tenant v. Foss N.C. Mill Credit 2014 Fund I

North Carolina SPVs Do Not Automatically Permit Veil Piercing

An entity created for a special purpose does not mean piercing the entity’s corporate veil is appropriate. A plaintiff must assert factual allegations showing the SPV is an instrument and/or alter ego of another. Loray Master Tenant v. Foss N.C. Mill Credit 2014 Fund I

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