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Crescent University City Venture, LLC V. Trussway et al.

Ramifications and Practical Considerations for Commercial Litigation

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Date Published

April 29, 2021


Mecklenburg County Bar


Civil Litigation, General, Real Property Law


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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.

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Erik M. Rosenwood
Rosenwood, Hamilton, Stephens, Steele & Martin, PLLC

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

Ryan Arnold: Prior to joining Rosenwood Rose, Ryan worked as an associate in a midsize litigation firm, where his practice... Read More

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Program Titles and Supporting Materials

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