Preliminary Injunction


Plaintiff First Citizens Bancshares, Inc. (“First Citizens”) has moved to enjoin a shareholder rights plan implemented by Defendant KS Bancorp, Inc. (“KS Bancorp”), a private corporation, arguing that KS Bancorp’s plan violates North Carolina law by discriminating against only certain shares of stock within a larger class of shares. KS Bancorp is a small, privately held, […]

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Plaintiff Window Gang Ventures, Corp. (“Window Gang”) operates or franchises commercial facilities-cleaning outlets in twenty states.  Defendant Gabriel Salinas (“Salinas”) entered into a franchise agreement (the “Franchise Agreement”) with Window Gang in 1997, giving him the exclusive right to operate a Window Gang franchise in Wilmington, North Carolina, and the surrounding counties.  Among other things, […]

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