RALEIGH: Court: Brannon owes $450K over NC civil judgment - WNCN: News, Weather

Court: Brannon owes $450K over NC civil judgment

Posted: Updated:
RALEIGH, N.C. -

U.S. Senate candidate Greg Brannon owes more than $450,000 after a North Carolina jury determined the Republican hopeful gave false or misleading statements to two investors about a startup company's prospects.

A judge signed the final judgment in the civil verdict against the Cary obstetrician this week. Wake County jurors last month found Brannon liable for the information he gave in 2010 to the men who then invested $250,000. The company no longer operates. The final amount owed includes interest on the amount invested, attorneys' fees and court costs.

Brannon has said he will appeal the verdict and thinks he was treated unfairly by the court.

Brannon is one of eight Republican seeking the nomination in the May primary. The winner is likely to take on Democratic incumbent Kay Hagan.

RELATED STORIES

  • Trending StoriesTrending StoriesMore>>

  • 2 charged with first-degree murder in beating death of UNC professor, cancer researcher

    2 charged with first-degree murder in beating death of UNC professor, cancer researcher

    Friday, July 25 2014 9:00 AM EDT2014-07-25 13:00:14 GMT
    A UNC research professor was robbed and beaten to death Wednesday afternoon on University Drive in Chapel Hill, police said.
    A UNC research professor was robbed and beaten to death Wednesday afternoon on University Drive in Chapel Hill, police said.
  • UNC: Former athletes can return to finish degrees

    UNC: Former athletes can return to finish degrees

    Thursday, July 24 2014 1:04 PM EDT2014-07-24 17:04:36 GMT
    UNC Chancellor Carol Folt. (File photo)UNC Chancellor Carol Folt. (File photo)
    University of North Carolina Chancellor Carol Folt announced a new program Thursday that will allow former UNC athletes to return and finish their uncompleted degrees.
    University of North Carolina Chancellor Carol Folt announced a new program Thursday that will allow former UNC athletes to return and finish their uncompleted degrees.
  • Indian teen has 232 'teeth' removed from jaw

    Indian teen has 232 'teeth' removed from jaw

    Friday, July 25 2014 11:23 PM EDT2014-07-26 03:23:39 GMT
    After complaining of pain in his jaw, an Indian teen and his family discovered that he had a severe dental condition - and surgeons pulled 232 "teeth" from his jaw. 
    After complaining of pain in his jaw, an Indian teen and his family discovered that he had a severe dental condition - and surgeons pulled 232 "teeth" from his jaw. 
Powered by WorldNow

1205 Front St., Raleigh
N.C., 27609

Telephone: 919.836.1717
Fax: 919.836.1687
Email: newstips@wncn.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.