SOUTHLAND NATIONAL INSURANCE CORPORATION v. LINDBERG LLC LLC (2025)

Supreme Court of North Carolina.

SOUTHLAND NATIONAL INSURANCE CORPORATION in Rehabilitation, Bankers Life Insurance Company in Rehabilitation, Colorado Bankers Life Insurance Company in Rehabilitation, and Southland National Reinsurance Corporation in Rehabilitation v. Greg E. LINDBERG, Global Growth Holdings, Inc. f/k/a Academy Association, Inc., Edwards Mill Asset Management, LLC, New England Capital, LLC, and Private Bankers Life and Annuity Co., Ltd.

No. 173PA23

Decided: October 17, 2025

Williams Mullen, Raleigh, by Wes J. Camden, Caitlin M. Poe, and Lauren E. Fussell, for plaintiff-appellees/cross-appellants. Fox Rothschild LLP, Raleigh, by Matthew Nis Leerberg and Nathan Wilson; and Condon Tobin Sladek Thornton Nerenberg, PLLC, by Aaron Z. Tobin, for defendant-appellants/cross-appellees Greg E. Lindberg, Global Growth Holdings, Inc., and New England Capital, LLC. Jeff Jackson, Attorney General, by James W. Doggett, Deputy Solicitor General, and Daniel S. Johnson and M. Denise Stanford, Special Deputy Attorneys General, for Commissioner of Insurance, amicus curiae.

Having carefully considered the opinion of the Court of Appeals, the record and briefs, and the oral arguments before us, we conclude that defendants’ petition for discretionary review was improvidently allowed by order on 13 December 2023.

DISCRETIONARY REVIEW IMPROVIDENTLY ALLOWED.

PER CURIAM.

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