Legal Opinion
ESTATE OF BROWNE v. Thompson
Court of Appeals of North Carolina
Decided April 3, 2012No. COA 11-852PublishedCited by 13 opinions
1Opinion of the Court
STEELMAN, Judge.
Plaintiffs’ claims do not fall within the scope of either of the Barger exceptions. North Carolina does not recognize “holder” claims. The trial court correctly dismissed plaintiffs’ complaint.
I. Factual and Procedural History
On 1 October 2009, seven stockholders (plaintiffs) of Wachovia Corporation filed this action. Defendants include Wachovia Corporation (Wachovia), Wells Fargo & Company (Wells Fargo), KPMG LLP (KPMG), 1 and past directors of Wachovia. Plaintiffs allege that the individual defendants participated in a fraudulent scheme to deceive plaintiffs and the public…
2Cases cited13 opinions
- Tooley v. Donaldson, Lufkin, & Jenrette, Inc.Supreme Court of Delaware · 2004
- Barger v. McCoy Hillard & ParksSupreme Court of North Carolina · 1997
- Small v. Fritz Companies, Inc.California Supreme Court · 2003
- Raritan River Steel Co. v. Cherry, Bekaert & HollandSupreme Court of North Carolina · 1988
- Leary v. N.C. Forest Products, Inc.Court of Appeals of North Carolina · 2003
8 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- Corwin v. British American Tobacco PLCCourt of Appeals of North Carolina · 2016
- Stephanie Keller v. Estate of Edward Stephen McRedmondTennessee Supreme Court · 2016
- Am. Mech., Inc. v. BosticCourt of Appeals of North Carolina · 2016
- Rice-Marko v. Wachovia Corp.Court of Appeals of South Carolina · 2012
- Am. Mech.Court of Appeals of North Carolina · 2016
8 more not listed; retrieve them via the Exa API.