Stephen David Allred

Counsel

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Practices
Industries
Education
  • University of Virginia School of Law, JD, 1992
  • St. John’s College, BA, 1986
Admissions
  • North Carolina
Affiliations

Member, North Carolina Bar Association

Member, North Carolina Association of Defense Attorneys

Volunteer, Lawyer Program Committee, Mecklenburg County Bar

Volunteer, Legal Services of the Southern Piedmont

Volunteer, Legal Aid of North Carolina

Stephen has a range of litigation and trial experience in state and federal courts. He has defended companies in high-stakes commercial disputes, class action litigation, products liability actions and business tort cases. He has extensive experience litigating insurance coverage cases in courts around the country, and counseling clients on matters involving all types of commercial insurance products and claims, including directors and officers insurance, employment practices liability insurance, financial institution bonds, professional liability errors and omissions insurance, and first-party property damage and business interruption coverage. He has represented securities brokerage firms and other clients in litigation over non-compete and non-solicitation agreements and to protect our clients’ trade secrets or other proprietary information. He has also represented various banks in actions to enforce commercial loans, promissory notes and collateral agreements.

In the News

Stephen David Allred
vCard
T: +1 704 343 2214F: +1 704 444 8702201 North Tryon Street
Suite 3000
Charlotte, NC 28202-2146

Representation of a power generation company in a lawsuit before the North Carolina Business Court filed by Lloyd’s of London syndicates, seeking a judgment that the insurers had no coverage obligation for tens of millions of dollars in losses caused by damage to two turbine engines installed in a power plant.

Represented a major bank in its lawsuit against an insurer that issued a financial institution bond to the bank, seeking recovery under the bond’s employee fidelity coverage for losses related to 70 loans that the bank made to borrowers who purchased lots in a real estate development that turned out to be a fraudulent scheme perpetrated by the developers and the closing attorney representing the bank.

Representation of a D&O insurer in coverage litigation against a healthcare company in combined state and federal court D&O coverage actions in Alabama arising out of a massive securities fraud scandal in which numerous directors and officers pled guilty.

Representation of a D&O insurer in a breach of contract and bad faith action filed in Georgia federal court by an officer of the insured company seeking reimbursement for defense costs incurred to defend a lawsuit related to the sale of technology licenses.

Represented commercial property management companies in personal injury and wrongful death actions seeking premises liability damages arising from criminal acts that occurred on the property.

Represented national insurance brokerage firm in a breach of contract and indemnification lawsuit filed in District Court in Dallas County, Texas.

Selected for inclusion in The Best Lawyers in America, Commercial Litigation, Litigation-Banking & Finance, Woodward/White, Inc., 2010-2017

Author, "Key Issues in Evaluating and Negotiating D&O Insurance Coverage," Notes Bearing Interest, Published by the Business Law Section of the North Carolina Bar Association, June 2014
Co-Author, "Counsel's Role in Evaluation and Negotiating D&O Insurance Coverage," Hospitals & Health Systems Rx, A Publication of the American Health Lawyers Association Hospitals and Health Systems Practice Group, May 2014
Author, "Directors and Officers Insurance Update: Court’s Ruling Limits Insurers’ Ability to Deny Coverage Based on a Disgorgement or Restitution Coverage Defense," FOCUS, ACC North Florida Chapter, 3Q2013