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Judge grants temporary restraining order against Everything Attachments. Bank says Conover-based company owes nearly $10 million
- Eric Millsaps
- Feb 21, 2024 Updated Feb 21, 2024
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The company sign at Everything Attachments in Conover.
Eric Millsaps photos, Hickory Daily Record
Eric Millsaps
AWake County Superior Court judge has issued a temporary restraining order against the owner of Conover-based Everything Attachments and its parent company.
The motion was filed last week after Fidelity Bank sought a restraining order and a temporary injunction against the company earlier this month.
A hearing is set for Feb. 26 in Wake County.
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A piece of equipment sits in the rain outside the Everything Attachments manufacturing plant in Conover. Customers are saying orders are not being filled, and Fidelity Bank says Ted Corriher and his company owe more than $9 million.
Eric Millsaps, Hickory Daily Record
Everything Attachments manufactures blades, buckets and other heavy equipment attachments.
In 2023, Fidelity Bank filed a lawsuit against Conover businessman Ted Corriher, T.C. Corriher Implement Company and Landshark Attachments to recover nearly $8 million from a construction loan, as well as a $1.5 million line of credit.
Court documents filed in Wake County show the bank is asking for repayment of the loan, as well as possession of the company’s inventory.
The latest court document, issued Feb. 14, said that defendants have transferred multiple real estate assets to immediate family members, and Ted Corriher appears to have diverted more than $700,000 in loan funds.
The document also said that based on evidence presented, Corriher is attempting to sell a lake house and restaurant property. The document says these actions would likely allow the defendants to remove the assets from the reach of a final judgment in the case.
Court documents filed by Fidelity Bank said Corriher transferred property to his son and wife.
In addition to the courtroom, Everything Attachments is facing scrutiny on other fronts.
Customers who ordered equipment months ago still have not received the paid-for items.
County tax records list the company as delinquent on a $52,152 tax bill.
The phone mailbox of the manufacturing plant on Emmanuel Church Road in Conover is full.
The court document outlines some of the frustrations of Fidelity Bank.
“Despite repeated demands, defendants have failed and refused to pay the indebtedness owing under the line of credit,” the court document says.
The bank lists Ted Corriher, Corriher Implement Company and Landshark Attachments as defendants in the case. Corriher Implement Company does business as Everything Attachments.
Court documents say the company requested and received more than $1 million from the construction loan to pay Neill Grading. Everything Attachments, the court documents say, did not fully pay Neill Grading and did not repay Fidelity.
In January 2023, Everything Attachments become embroiled in a dispute with Neill Grading about the quality of a 105,000-square-foot building. Everything Attachments ordered the building. Neill Grading did the work.
Corriher said in a previous Hickory Daily Record article that he could not get a certificate of occupancy on the building constructed by Neill Grading and was withholding payment.
The Fidelity lawsuit notes the building was not complete by Oct. 28, 2022, construction of the building had ceased and construction remains incomplete.
Fidelity is asking for $7,883,293.57 plus interest on the construction loan to be paid in full. Fidelity is also seeking more than $1.5 million due on a line of credit.
Eric Millsaps is editor of the Hickory Daily Record.
