LAZENBY v. GODWIN

No. 7814SC358.

253 S.E.2d 489 (1979)

40 N.C. App. 487

Glenn A. LAZENBY, Jr. and Jean G. Lazenby v. Derwood H. GODWIN.

Court of Appeals of North Carolina.

April 3, 1979.


Attorney(s) appearing for the Case

Murdock & Jarvis by Jerry L. Jarvis, Durham, for plaintiffs-appellees.

Poyner, Geraghty, Hartsfield & Townsend by David W. Long and Cecil W. Harrison, Jr., Raleigh, William A. Johnson; Lillington and James B. Maxwell, Durham, for defendant-appellant.


CLARK, Judge.

Defendant first assigns as error the trial court's denial of defendant's motion for directed verdict on the issue of constructive fraud. Defendant contends that a recovery for constructive fraud is predicated on a breach of a fiduciary duty, 6 Strong's N.C. Index 3d, Fraud, § 7, and that under North Carolina law, a manager and director of a corporation does not stand in a fiduciary relationship to shareholders in regard to the acquisition of the...

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