Advisor Law, LLC v. Holland

CourtCourt of Appeals of North Carolina
DecidedFebruary 4, 2026
Docket24-1035
StatusPublished
AuthorJudge Jeff Carpenter

This text of Advisor Law, LLC v. Holland (Advisor Law, LLC v. Holland) is published on Counsel Stack Legal Research, covering Court of Appeals of North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Advisor Law, LLC v. Holland, (N.C. Ct. App. 2026).

Opinion

IN THE COURT OF APPEALS OF NORTH CAROLINA

No. COA24-1035

Filed 4 February 2026

Union County, No. 23CVS003371-890

ADVISOR LAW, LLC, Plaintiff,

v.

MICHAEL C. HOLLAND, Defendant.

Appeal by Defendant from orders entered 24 July 2024 by Judge Matthew B.

Smith in Union County Superior Court. Heard in the Court of Appeals 14 August

2025.

Hamilton Stephens Steele + Martin, PLLC, by M. Aaron Lay, Robert J. Shelton, and Zachary M. Perhach, for Plaintiff-Appellee.

Cranfill Sumner, LLP, by Steven A. Bader, for Defendant-Appellant.

CARPENTER, Judge.

Michael C. Holland (“Defendant”) appeals from the trial court’s 24 July 2024

order (the “Arbitration Order”) denying Defendant’s motion to compel arbitration and

24 July 2024 order (the “Summary Judgment Order”) granting the motion for

summary judgment filed by AdvisorLaw, LLC (“Plaintiff”). On appeal, Defendant

argues the trial court erred by: (1) denying Defendant’s motion to compel arbitration;

and (2) granting Plaintiff’s motion for summary judgment. After careful review, we

affirm.

I. Factual & Procedural Background ADVISOR LAW, LLC V. HOLLAND

Opinion of the Court

Under federal securities regulations, when an investment advisor registered

with the Securities and Exchange Commission (“SEC”) is terminated, the employing

firm reports the termination through regulatory filings that appear in two publicly

accessible databases: SEC’s Investment Advisor Public Disclosure (“IAPD”) and

Financial Industry Regulatory Authority’s BrokerCheck (“BrokerCheck”). In certain

circumstances, investment advisors may seek to expunge their termination

disclosures from IAPD and BrokerCheck.

Defendant is an investment advisor, registered with the SEC, who worked for

Fifth Third Securities (“Fifth Third”). On 8 February 2019, Fifth Third terminated

Defendant and reported the termination in regulatory filings, which were recorded in

IAPD and BrokerCheck. Seeking to remove the termination disclosures, Defendant

contacted Plaintiff, which provides termination disclosure expungement services.

On 4 September 2020, Defendant and Plaintiff entered into a contract (the

“Contract”) for the expungement of Fifth Third’s notice of Defendant’s termination

from IAPD and BrokerCheck. The Contract required a $15,000 retainer and provided

for billing at hourly rates ranging from $75 to $650, depending on the services. The

Contract included an arbitration clause, providing:

Any contractual disputes that include specific performance as the primary or non-primary claim arising from this agreement shall have the entire dispute settled finally and exclusively by arbitration in Denver, Colorado pursuant to the Colorado Uniform Arbitration Act and in accordance with Colorado Law.

-2- ADVISOR LAW, LLC V. HOLLAND

Between September and November 2020, Defendant made three payments

totaling $15,000 for the retainer fee. On 16 June 2021, Plaintiff issued an initial

invoice to Defendant for $15,461.75. Pursuant to the Contract, Plaintiff applied the

$15,000 retainer to the initial invoice, leaving a balance of $461.75. Thereafter,

Plaintiff continued to send Defendant invoices for services rendered until 26 July

2022, at which time Plaintiff sent Defendant a demand letter seeking the total unpaid

balance of $44,847.33.

In October 2022, Defendant requested arbitration through the Colorado Bar

Association’s Legal Fee Arbitration Committee (“COBAR”), but Plaintiff declined. On

8 March 2023, Plaintiff initiated arbitration through the Fairclaims forum, but

Defendant declined. On 20 March 2023, Plaintiff again attempted to initiate

arbitration, this time through COBAR. This arbitration did not occur because,

according to Defendant, COBAR never contacted him following Plaintiff’s request for

arbitration.

On 15 December 2023, Plaintiff filed a breach of contract action against

Defendant in Union County Superior Court, requesting: (1) damages plus interest;

(2) reasonable attorney’s fees; (3) action costs to be taxed against Defendant; (4) a

jury trial on all issues; and (5) any other relief the court deemed proper. Plaintiff

served Defendant with the complaint and summons at his home address. Defendant

filed a pro se answer, denying liability and asserting several defenses. On 8 March

2024, Plaintiff served Defendant with discovery requests, including interrogatories,

-3- ADVISOR LAW, LLC V. HOLLAND

requests for production of documents, and requests for admissions. Despite being

served at his home address, Defendant did not respond to Plaintiff’s discovery

requests and claimed he never received them.

On 23 May 2024, Defendant moved to compel arbitration. On 28 May 2024,

Plaintiff moved for summary judgment. On 22 July 2024, the trial court conducted a

hearing on both motions. Two days later, the trial court entered the Arbitration

Order denying Defendant’s motion to compel arbitration. In the Arbitration Order,

the trial court found that the Contract only required arbitration “for actions seeking

specific performance” and concluded that the arbitration clause was “not applicable

to the claim sought by [Plaintiff] in this matter.” That same day, the trial court

granted summary judgment for Plaintiff. On 22 August 2024, Defendant filed written

notice of appeal.

II. Jurisdiction

This Court has jurisdiction under N.C. Gen. Stat. § 7A-27(b)(1) (2023).

III. Issues

The issues are whether the trial court erred by: (1) denying Defendant’s motion

to compel arbitration; and (2) granting Plaintiff’s motion for summary judgment.

IV. Analysis

A. Arbitration

First, Defendant argues the trial court erred by denying his motion to compel

arbitration because, pursuant to the arbitration clause, Plaintiff’s action was subject

-4- ADVISOR LAW, LLC V. HOLLAND

to arbitration. Defendant further asserts that because the arbitration clause applied,

Colorado law governs the interpretation of the Contract.

“[W]e apply the de novo standard to the denial of a motion to compel arbitration

and its underlying conclusions of law concerning issues of contract interpretation and

whether the dispute is subject to arbitration.” Hager v. Smithfield E. Health

Holdings, LLC, 264 N.C. App. 350, 355, 826 S.E.2d 567, 571 (2019) (citing Creed v.

Smith, 222 N.C. App. 330, 333, 732 S.E.2d 162, 164 (2012)). Under a de novo review,

this Court “‘considers the matter anew and freely substitutes its own judgment’ for

that of the lower tribunal.” Craig ex rel. Craig v. New Hanover Cnty. Bd. of Educ.,

363 N.C. 334, 337, 678 S.E.2d 351, 354 (2009) (quoting In re Greens of Pine Glen, Ltd.

P’ship, 356 N.C. 642, 647, 576 S.E.2d 316, 319 (2003)).

As an initial matter, we address Defendant’s contention that Colorado law

governs the interpretation of the Contract. Generally, the law of the state where a

contract is made governs the contract, but parties may agree otherwise. See

Tanglewood Land Co., Inc. v. Byrd, 299 N.C. 260, 262, 261 S.E.2d 655

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