Judgment Issued For Insurance Magnate’s Former Companies In Breach Of Contract Row

(August 21, 2024, 10:40 AM EDT) -- RALEIGH, N.C. — A North Carolina federal judge granted a motion filed by now-insolvent insurance companies once owned by Greg E. Lindberg, an insurance magnate convicted of bribing the North Carolina insurance commissioner, seeking summary judgment for their breach of contract claim and the defendants’ counterclaims in consolidated cases regarding alleged defaults on loan agreements, finding no remaining issues of material fact regarding the borrower defendants’ liability for breach of contract and for the borrower defendants’ counterclaims....