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ANCHOR PAPER CORP. v. ANCHOR CONVERTING CO., INC.

No. 8526SC273.

338 S.E.2d 821 (1986)

ANCHOR PAPER CORPORATION; Sam B. Woods, Jr. and J.L. Hughes, d/b/a Anchor Paper Company, a partnership v. ANCHOR CONVERTING COMPANY, INC.

Court of Appeals of North Carolina.

February 4, 1986.

Attorney(s) appearing for the Case

Helms, Mulliss & Johnston by Robert B. Cordle, L.D. Simmons, II, and Charles F. Bowman, Charlotte, for plaintiffs-appellees.

Newitt & Bruny by Roger D. Bruny and John G. Newitt, Jr., Charlotte, for defendant-appellant.

PARKER, Judge.

Defendant's sole assignment of error is the granting of plaintiffs' motion to dismiss defendant's counterclaim based on violations of the Business Opportunity Sales Act. The evidence adduced at trial tended to show the following: plaintiffs, Woods and Hughes, were officers, directors and principal shareholders of Anchor Paper Corporation (APC), which was in the business of buying and selling paper products and converting them into paper by-products...

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