North Carolina appeals court upholds contempt conviction in Lindbergh Insurance Company asset freeze case

To eliminate contempt, the order requires Global Growth to pay $56,901,099 for the benefit of the financial firm. It requires Lindberg to pay $52,424,571 for the benefit of Global Growth and additional specified amounts for the benefit of GB Capital, Eli Global, LLC, Eli Research, LLC, ARM Companies and ECL Group. The trial court also reasoned that defendants could borrow or sell Global Growth’s interest in the trust that owned AAPC.