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LOY v. LORM CORP.

No. 801SC771.

278 S.E.2d 897 (1981)

Neil E. LOY, Plaintiff, v. LORM CORPORATION, Marl Corporation, L. W. Mitchell, Alice H. Minges, and Roy W. Wescott, Defendants.

Court of Appeals of North Carolina.

June 16, 1981.

Attorney(s) appearing for the Case

Leroy, Wells, Shaw, Hornthal, Riley & Shearin by Norman W. Shearin, Jr., and Roy A. Archbell, Jr., Kitty Hawk, for plaintiff-appellant.

Aldridge, Seawell & Khoury by Christopher L. Seawell, Manteo, for defendants-appellees.

BECTON, Judge.

At the outset, it is important to emphasize that Lorm and Marl were closely-held corporations in which all three defendants were shareholders, directors and officers. The two corporations were formed at the same time with the same purpose—to establish the Port O' Call Restaurant.2 The corporations had interlocking directorates with the three defendants firmly in control of both corporations. Plaintiff sued the three...

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