6 results for 'cat:"Fraud" AND cat:"Trade" AND cat:"Contract"'.
J. Dever grants in part a ticket booking firm’s motion to dismiss allegations of breach of contract and fraudulent inducement, among others, brought by the organizer of the Voices of America Country Music Festival. The organizer claims that the firm created over 5,000 duplicate tickets and over 1,800 duplicate parking passes, valued at over $1.4 million total. This is a clear breach of contract, but the firm presents sufficient evidence that its errors were unintentional, so all other claims are dismissed.
Court: USDC Eastern District of North Carolina, Judge: Dever, Filed On: April 9, 2024, Case #: 5:23cv676, NOS: Other Contract - Contract, Categories: fraud, trade, contract
J. Cogburn partially grants summary judgment to a sustainable infrastructure firm following allegations of trade law violations, fraud and breach of contract brought by a shareholder. The firm acquired the shareholder’s Hazmat company and bought 90% of his stock in said company. The company fired the shareholder, then he and the company filed competing suits. This resulted in a settlement agreement in which the shareholder released the firm from any future claims regarding agreements except for continuing violations of two promissory notes the firm made for an as-yet unpaid portion of the stocks purchase. The shareholder fails to show evidence of violations of trade law and fraud, but his claim of breach of contract as related to the promissory notes survives.
Court: USDC Western District of North Carolina, Judge: Cogburn, Filed On: November 21, 2023, Case #: 1:21cv245, NOS: Negotiable Instrument - Contract, Categories: fraud, trade, contract
J. Dever denies a recreational and competitive flag football organization its claims of fraud, breach of contract and deceptive trade practices against the former owner of a similar enterprise. The organization bought the enterprise from the owner with the agreement he would not compete with it for at least five years. As part of the contract, the organization hired the former owner, but he resigned after just under two years and began to compete. However, under state law, the agreement must still be intact to enforce it, and since the owner resigned, he is no longer subject to it.
Court: USDC Eastern District of North Carolina, Judge: Dever, Filed On: November 3, 2023, Case #: 5:23cv172, NOS: Other Contract - Contract, Categories: fraud, trade, contract
J. Reidinger partially grants an insurance company summary judgment in its suit against a construction firm for breach of bonded contracts and fraud. Third party businesses soliciting work from the construction firm began to complain of unsatisfactory progress, and the insurance company found that the firm was unable to afford to provide its subcontractors for labor, materials and so on.
Court: USDC Western District of North Carolina, Judge: Reidinger, Filed On: August 18, 2023, Case #: 1:22cv24, NOS: Other Contract - Contract, Categories: fraud, trade, contract
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J. Hicks grants Wells Fargo's motion to dismiss this suit arising from the alleged loss or theft of gold and silver coins the customers had in their safe deposit box. As the lease agreement governs, a federal court looks to state law to determine the existence of a contract. According to the valid contract, Wells Fargo must exercise ordinary care and is not responsible for knowing or insuring contents. The risk of loss shifts to the customers if they elect to store money or jewelry.
Court: USDC Nevada, Judge: Hicks , Filed On: July 26, 2023, Case #: 3:22cv407, NOS: Other Contract - Contract, Categories: fraud, trade, contract