Wednesday of last week in Patriot
Performance Materials, Inc. v. Powell, 2013 NCBC 10 was
appropriately timed for the day before Valentine's Day.
Powell, the Defendant, had a
50% interest in several businesses with Henderson, one of the Plaintiffs. He
alleged in a third party complaint that Henderson, who shared the other 50%
interest, had diverted $30,000 (and more) from their corporations.
The purpose of the $30,000? For
Henderson to shower goodies on the nanny for his children. The third party
complaint against the nanny said that the funds were lavished upon her to buy
her a "Mercedes-Benz automobile and a high-end Mac computer."
Perhaps the nanny's child-care
services were exceptional and warranted the computer and the Mercedes. Or
perhaps the allegations of the Third Party Complaint against the nanny, which
were that she was Henderson's mistress, were true.
Read this article in
its entirety on North
Carolina Business Litigation Report, a blog for lawyers focusing on issues
of North Carolina business law and the day-to-day practice of business
litigation in North Carolina courts.