Greg Lindberg, the North Carolina insurance and business executive now awaiting sentencing on a bribery conviction, can’t escape a $524 million arbitration and civil judgment against him, a federal appeals court decided this week. Also this week, the state Supreme Court dismissed Lindberg’s challenge in a separate case, finally allowing liquidation of two of his life insurance companies.
The 4th U.S. Circuit Court of Appeals upheld a federal district court’s ruling, which had enforced the half-billion-dollar arbitration award from 2020, an award that is growing by the day due to interest.
The case is one of many that Lindberg is facing after unorthodox and allegedly illegal movement of assets from some of his former…
