N.C. High Court Remands For Specific Performance Of MOU Involving Insolvent Insurers

(July 5, 2024, 9:59 AM EDT) -- RALEIGH, N.C. — The North Carolina Supreme Court granted parties’ joint motion to remand a case to a lower court for implementation of a “specific performance remedy” outlined in the lower court’s judgment regarding enforcement of a memorandum of understanding (MOU) between insolvent insurers, specified companies and Greg E. Lindberg, who was recently convicted on retrial of bribing the North Carolina insurance commissioner....