Rule 41 Dismissals: Potential Pitfalls

Rule 41(a)(1) of the North Carolina Rules of Civil Procedure allows a plaintiff to dismiss a complaint without prejudice by filing a notice of dismissal at any time before he rests his case. Notice may be given by filing a written notice of dismissal or by oral notice in open court. A notice of dismissal is pre… Read More +

RM Alert-Common Errors in Estates and Trusts

Over the last few years, Lawyers Mutual has seen an increase in Estates and Trusts (E&T) claims.  In 2021, E&T claims were the third most common claims according to area of practice.  Only Plaintiff’s personal injury and residential real estate generated more claims by practice area.  Errors occur in both estate planning and estate administration. Two common E&T errors are:   Read More +

Understanding the LM Financial Fraud Exclusionary Endorsement in Your LM Professional Liability Insurance Policy

Wire Fraud losses continue to plague real estate transactions, resulting in millions of dollars of losses around the country. The most common scenario is the buyer receiving altered wiring instructions. The State Bar is now holding the closing attorney accountable for this loss even though the closing attorney … Read More +