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SOUTHLAND NATIONAL INS. CORP. v. LINDBERG

No. COA22-1049.

889 S.E.2d 512 (2023)

SOUTHLAND NATIONAL INSURANCE CORPORATION in Rehabilitation, Bankers Life Insurance Company in Rehabilitation, Colorado Bankers Life Insurance Company, in Rehabilitation, and Southland National Reinsurance Corporation, in Rehabilitation, Plaintiffs, v. Greg E. LINDBERG, Global Growth Holdings, Inc. f/k/a Academy Association, Inc., and New England Capital, LLC, Defendants.

Court of Appeals of North Carolina.

Filed June 20, 2023.

Attorney(s) appearing for the Case

Fox Rothschild by Matthew Nis Leerberg , Raleigh, Troy D. Shelton , Raleigh, Nathan W. Wilson , for petitioner-appellants, cross-appellees.

Condon Tobin Sladek Thorton PLLC by Aaron Z. Tobin , for petitioner-appellants, cross-appellees.

Williams Mullen, Raleigh, by Wes J. Camden , Caitlin M. Poe , Lauren E. Fussell , for respondent-appellees, cross-appellants.

I. Facts and Procedural Background

Southland National Insurance Corporation, Bankers Life Insurance Company, Colorado Bankers Life Insurance Company, and Southland National Reinsurance Corporation (collectively "Plaintiffs") are insolvent insurers who were purchased by Greg. E. Lindberg...

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