Legal Opinion
Sloan Financial Group, Inc. v. Beckett
Court of Appeals of North Carolina
Decided August 5, 2003No. COA02-396PublishedCited by 27 opinions
1Opinion of the Court
McCullough, Judge.
This case arises out of a complex set of facts surrounding the formation and alleged mismanagement of an international private equity investment fund.
Maceo K. Sloan (Sloan), a vice president with North Carolina Mutual Life, formed NCM Capital, a wholly owned subsidiary of North Carolina Mutual, as a vehicle for the company to make investments. In 1991, North Carolina Mutual Life wanted to sell off some of its assets, so Sloan formed Sloan Financial Group, Inc. (SFG-N.C. Corporation), which purchased NCM Capital from North Carolina Mutual Life. Under Sloan’s leadership, SFG…
2Cases cited18 opinions
- Moses H. Cone Memorial Hospital v. Mercury Construction Corp.Supreme Court of the United States · 1983
- United Steelworkers v. Warrior & Gulf Navigation Co.Supreme Court of the United States · 1960
- At&T Technologies, Inc. v. Communications WorkersSupreme Court of the United States · 1986
- International Paper Company v. Schwabedissen Maschinen & Anlagen GmbhCourt of Appeals for the Fourth Circuit · 2000
- E.I. DuPont de Nemours and Co. v. Rhone Poulenc Fiber and Resin Intermediates, S.A.S.Court of Appeals for the Third Circuit · 2001
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3Cited by27 opinions
- Hager v. Smithfield E. Health Holdings, LLCCourt of Appeals of North Carolina · 2019
- Ellison v. AlexanderCourt of Appeals of North Carolina · 2010
- Ellen v. A.C. Schultes of Maryland, Inc.Court of Appeals of North Carolina · 2005
- Evangelistic Outreach Center v. General Steel Corp.Court of Appeals of North Carolina · 2007
- Hobbs Staffing Services, Inc. v. Lumbermens Mutual Casualty Co.Court of Appeals of North Carolina · 2005
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