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The Economic Loss Rule - Recently Refined or Redefined by the North Carolina Supreme Court | Ward and Smith, P.A.

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Recently, the North Carolina Supreme Court issued a decision impacting the application of the economic loss rule in commercial settings, particularly construction.
This article provides a refresher on the economic loss rule before turning to an overview of the Court s decision and its potential impact.
The economic loss rule is a legal construct designed to prohibit recovery under a tort theory of liability, like negligence, for purely economic losses that arise out of a contractual relationship. The overarching premise behind the rule is that parties to a contract are presumed to have considered and contracted for how risk and loss flowing from the contract s subject matter is to be allocated. In other words, allowing a party to a contract to pursue remedies it did not bargain for in negotiating its contract would effectively allow that party to get more than its bargained-for exchange. ....

North Carolina , United States , Supreme Court , University Of North Carolina At Charlotte , Trussway Manufacturing Inc , Business Court , City Venture , Carolina Supreme Court , Trussway Manu Inc , North Carolina Supreme Court , Bill Durr , Economic Loss Rule , Why It Matters , Construction Litigation , Trussway Manufacturing , வடக்கு கரோலினா , ஒன்றுபட்டது மாநிலங்களில் , உச்ச நீதிமன்றம் , பல்கலைக்கழகம் ஆஃப் வடக்கு கரோலினா இல் சார்லோட் , வணிக நீதிமன்றம் , நகரம் துணிகர , கரோலினா உச்ச நீதிமன்றம் , வடக்கு கரோலினா உச்ச நீதிமன்றம் , ர சி து துர்ர் , பொருளாதார இழப்பு ஆட்சி , ஏன் அது விஷயங்கள் ,

North Carolina Supreme Court on Economic Loss Rule

Friday, January 22, 2021
Recently, the North Carolina Supreme Court issued a decision impacting the application of the economic loss rule in commercial settings, particularly construction.
This article provides a refresher on the economic loss rule before turning to an overview of the Court s decision and its potential impact.
The economic loss rule is a legal construct designed to prohibit recovery under a tort theory of liability, like negligence, for purely economic losses that arise out of a contractual relationship. The overarching premise behind the rule is that parties to a contract are presumed to have considered and contracted for how risk and loss flowing from the contract s subject matter is to be allocated. In other words, allowing a party to a contract to pursue remedies it did not bargain for in negotiating its contract would effectively allow that party to get more than its bargained-for exchange. ....

North Carolina , United States , Supreme Court , University Of North Carolina At Charlotte , Trussway Manufacturing Inc , Business Court , City Venture , Carolina Supreme Court , Trussway Manu Inc , North Carolina Supreme Court , Bill Durr , Economic Loss Rule , Why It Matters , Construction Litigation , Trussway Manufacturing , வடக்கு கரோலினா , ஒன்றுபட்டது மாநிலங்களில் , உச்ச நீதிமன்றம் , பல்கலைக்கழகம் ஆஃப் வடக்கு கரோலினா இல் சார்லோட் , வணிக நீதிமன்றம் , நகரம் துணிகர , கரோலினா உச்ச நீதிமன்றம் , வடக்கு கரோலினா உச்ச நீதிமன்றம் , ர சி து துர்ர் , பொருளாதார இழப்பு ஆட்சி , ஏன் அது விஷயங்கள் ,

DEUTSCH KERRIGAN LLP: 2021 Louisiana Super Lawyers Announced: 21 Deutsch Kerrigan Attorneys Recognized

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Deutsch Kerrigan LLP issued the following announcement on Jan. 5.
Deutsch Kerrigan LLP is pleased to announce its top rankings in the 2021 Louisiana Super Lawyers and Rising Star lists. This year, 21 Deutsch Kerrigan attorneys in Louisiana were recognized for their prominence in specific areas of law. No more than five percent of the lawyers in Louisiana are selected by Super Lawyers each year.
2021 LOUISIANA SUPER LAWYERS
KEITH J. BERGERON (Construction Litigation, Professional Liability)
JOHN JERRY GLAS (Civil Litigation)
ROBERT E. KERRIGAN, JR.(General Litigation, Civil Litigation, Personal Injury – General)
ELLIS B. MUROV (Employment & Labor, Business Litigation)
KELLY E. THEARD (Professional Liability, Personal Injury - General, Construction Litigation) ....

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Attorney Leon F. Mead II Receives Recognition for Legal Excellence for 2020 Super Lawyers® Award

Attorney Leon F. Mead II Receives Recognition for Legal Excellence for 2020 Super Lawyers® Award
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