Program Overview

 

The North Carolina Supreme Court recently weighed in on the open question of the economic loss rule, and its application to commercial litigation. The Supreme Court, in Crescent Univ. City Venture, LLC v. Trussway Mfg., Inc., 376 N.C. 54, 852 S.E.2d 98 (2020), upheld a ruling in Judge Louis Bledsoe of the North Carolina Business Court, and held that in commercial contexts, the economic loss rule bars tort claims against lower-tier subcontractors and suppliers, even in the absence of privity. This decision has major ramifications for commercial construction litigation, commercial insurance coverage, and commercial litigation generally in North Carolina. In this virtual roundtable, we will provide an overview of the opinion before discussing the ramifications of Crescent City and the practical considerations for commercial, construction, and insurance coverage litigation in North Carolina with panelists:

Erik Rosenwood, Mecklenburg County Bar, Rosenwood, Rose & Litwak

Sophia Blair, Wake County Bar and former clerk to Judge Louis Bledsoe, Wyrick Robbins

Jon Carroll, Mecklenburg County Bar, James, McElroy & Diehl

Chris Campbell, Mecklenburg County Bar, McAngus Gouledock and Currie

Rebecca Knudson, New Hanover County Bar, Cranfill Sumner

Ryan Arnold, Mecklenburg County Bar, Rosenwood, Rose & Litwak

 

The views and opinions of MCB CLEs are not necessarily those of the 26th Judicial District Bar.

This program has been approved for credit in the following jurisdiction(s):

North Carolina State Bar, Board of Continuing Legal Education

Credit has been approved with the North Carolina State Bar, Board of Continuing Legal Education for 1.50 General credits.

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Cancellation Policy

Cosmetic Changes Approved by Executive Committee April 23, 2015
Approved by Board of Directors January 24, 2013 

Registration refunds are 1) 100% refundable for requests made 8 or more days before the event; 2) 75% refundable for requests made 7 to 4 days before the event (a 25% processing fee will be incurred); and 3) non-refundable for requests made 3 days or less before the event. Registrants requesting refunds 3 days or less before the event may be offered the option to transfer the registration to a substitute attendee. Payment is due in full if no cancellation is received or if cancellation is received 3 days or less in advance of event.

Reservations are not guaranteed if received less than 24 hours prior to the event. Registrations at the event door will be accepted on a space available basis--additional charges may apply. For some events, food or beverage is not guaranteed for last-minute registrants.

A sponsorship and/or advertisement refund will only be granted in the case that the Mecklenburg County Bar (MCB) does not fulfill the commitment(s) stated in the signed "Sponsorship/Advertisement Agreement".

Refunds on any fees paid to the MCB Lawyer Referral Service (LRS) are subject to the specifications of the MCB LRS Guidelines.

Exceptions or requests for refunds not covered by the above registration refund policy may be considered for approval by the MCB Executive Director or his or her designee.