Fraud Claim Dismissed Where Plaintiff Did Not Read Shareholder Agreement

Business Valuation UpdateVol. 9 No. 8
Legal and Court Case Update
August 2003
2671 Packaging Paper and Plastics Film, Coated and Laminated
322220 Paper Bag and Coated and Treated Paper Manufacturing
buy/sell agreement

Sullivan v. Mebane Packaging Group, Inc.
2003 N.C. App. LEXIS 944
May 20, 2003
State Court
North Carolina
Court of Appeals


Plaintiff Richard Sullivan worked for Mebane Packaging Group Inc. (MPG) from 1978 until 1999.

See Also

Sullivan v. Mebane Packaging Group, Inc.

Issue is whether former employee had a claim for fraud based on his sale of stock to the company president where he failed to exert his rights under the shareholder agreement.