Stipulation To Dismiss Agent Filed In Insurers’ $14.5M Suit Against Borrower

Mealey's (August 5, 2022, 12:24 PM EDT) -- RALEIGH, N.C — Parties in a suit against a borrower on Aug. 4 filed a joint stipulation in North Carolina federal court agreeing to voluntarily dismiss the borrower’s agent from a suit filed by three insurers against the borrower, seeking to recover $14.5 million pursuant to a loan agreement for its alleged breach of contract in failing to make a first interest payment....