North Carolina Civil Conversion Claim Attorney
October 2, 2012
To prevail on a conversion claim, you need to establish two elements: (1) that you are the proper owner of the property and (2) that the property is or has been wrongfully possessed and converted by the defendant. Conversion claims can range from very simple to very complex; conversion is commonly pled in lawsuits involving as little as a few thousand dollars to cases involving millions.
One of the more simple examples of a situation where a conversion claim would be appropriate is where an employee has stolen company equipment. Of course, there are also more complex fact patterns and the Variety Wholesalers case is a prime example. Salem Logistics provided shipping auditing services to Variety Wholesalers. As part of the relationship, Salem accepted funds from Variety Wholesalers which were then to be distributed to Variety’s shipping vendors. The problem arose when Salem went bankrupt and Variety learned that Salem’s bank account was actually owned by a third-party that provided Salem a line of credit, Ark Royal Capital. When Variety requested Ark return nearly $900,000.00 that had been given by Variety for Salem to pay Variety’s shippers, Ark refused. As a result, Variety filed an action against Ark alleging a claim for conversion. The Supreme Court reversed an initial victory by Variety and determined a jury trial would be necessary.
The Raleigh conversion attorneys of Maginnis Law offer free consultations to all prospective clients. To schedule a meeting or to discuss your conversion case, call the firm’s downtown Raleigh office at 919.526.0450 (Ed Maginnis) or 919.480.8526 (Shawn Howard). You may also send a confidential message regarding the details of your case, or to request that we contact you, using our contact page.
Maginnis Law represents clients throughout the eastern North Carolina area, including Raleigh, Durham, Cary, Apex, Garner, Chapel Hill, Pittsboro, and Fayetteville.