North Carolina Judge Tosses Insolvent Insurer’s Legal Malpractice Claim

Mealey's (June 6, 2022, 5:48 PM EDT) -- CHARLOTTE, N.C. — A North Carolina judge on May 24 granted a law firm’s summary judgment motion in a legal malpractice claim filed against it by the owner of an insolvent insurer, finding that the owner failed to provide evidence that the firm could have changed the result of a trial court’s judgment in an underlying $12,849,193.20 judgment against the owner for breach of fiduciary duty, constructive fraud, constructive fraudulent transfer and unfair and deceptive trade practices....