North Carolina Panel Affirms Enforceability Of MOU Involving Insolvent Insurers

(June 22, 2023, 7:26 AM EDT) -- RALEIGH, N.C. — A North Carolina appellate court affirmed in part a lower court’s decision that a memorandum of understanding (MOU) was enforceable in a breach of contract and fraud suit filed by insolvent insurers against their purchaser and his affiliated companies, finding that the lower court correctly relied on evidence to affirm the fraud judgment....