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| Latigo Invs. II, LLC v. Waddell & Reed Fin., Inc., 06 CVS 18666,
NORTH CAROLINA SUPERIOR COURT, MECKLENBURG COUNTY, June 11, 2007, Decided
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Overview: Because the undisputed purpose of a transaction was to raise capital for the entity owned by plaintiffs, it was not a transaction "in or affecting commerce" under the North Carolina Unfair and Deceptive Trade Practices Act, requiring dismissal of plaintiffs' claim under the Act.
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| Lawrence v. UMLIC-Five Corp., 06 CVS 20643,
NORTH CAROLINA SUPERIOR COURT, MECKLENBURG COUNTY, June 18, 2007, Decided
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Overview: A couple's fraud claim against a mortgage company was dismissed where they failed to, inter alia, identify the speakers who allegedly misrepresented and concealed facts as to the company's continued existence. An unfair trade practices claim was also dismissed as it arose from the couple's attempt to collect on an out-of-state judgment.
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