United States Fourth Circuit
Dreamstreet Investments, Inc. v. MidCountry Bank, 15-2104
In a fraud action arising from a seller holdback agreement between plaintiff, seller of a vacant lot to a third party, and defendant MidCountry Bank, the buyer's financier, the district court's grant of summary judgment to defendant is affirmed where: 1) plaintiff's action under North Carolina's Unfair and Deceptive Trade Practices Act was barred by the statute of limitation; and 2) plaintiff' and defendant were not in a fiduciary relationship required to maintain a constructive fraud claim.
Appellate Information
- Published 2016/11/30
Judges
- HARRIS
Court
- United States Fourth Circuit