Hajmm Co. v. House of Raeford Farms, Inc.

EXUM, Chief Justice.

This is an action seeking compensatory, punitive and treble damages for breach of fiduciary duty, breach of corporate bylaws, and unfair or deceptive acts or practices in or affecting commerce (unfair practices) based on defendants’ allegedly improper refusal to redeem a certain “revolving fund certificate” issued by the corporate defendant (Raeford) to plaintiff. The trial court dismissed the claim for unfair practices under Rule 12(b)(6) of the North Carolina Rules of Civil Procedure.1 The other claims were tried before a jury,2 which returned a verdict granting…