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FARNDALE CO., LLC v. GIBELLINI

No. COA05-451.

628 S.E.2d 15 (2006)

The FARNDALE COMPANY, LLC, and Val Participations, S.A., Plaintiffs, v. Folco GIBELLINI and Accuma, S.p.A., Defendants.

Court of Appeals of North Carolina.

February 21, 2006.

Attorney(s) appearing for the Case

James, McElroy, & Diehl, P.A., by Preston O. Odom, III, Richard B. Fennell, and Gary S. Hemric, Charlotte, for plaintiffs-appellees.

Moore & Van Allen, P.L.L.C., by Jeffrey J. Davis, Valecia M. McDowell and Amy K. Lamoureux, Charlotte, for defendants-appellants.

LEVINSON, Judge.

Defendants appeal from judgment entered against them for breach of their fiduciary duty to plaintiffs. We affirm.

The parties have a history of commercial and personal relationships for over fifty years, which is summarized as follows: Accuma, S.p.A. ("Accuma Italy") is an Italian corporation, founded in the early 1960's, that makes and sells battery parts. Accuma Italy's founders included defendant...

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