Monroe v. Monroe

PRESENT: All the Justices JOSEPH MONROE, DERIVATIVELY ON BEHALF OF MEPCO MATERIALS, INC. OPINION BY v. Record No. 211071 JUSTICE D. ARTHUR KELSEY JULY 20, 2023 LISA WAY MONROE, ET AL. FROM THE CIRCUIT COURT OF STAFFORD COUNTY J. Bruce Strickland, Judge In 2018, Joseph Monroe filed a shareholder-derivative suit against his wife, Lisa Monroe, the majority shareholder of a closely held corporation. The trial court rejected the derivative claim and sanctioned Joseph Monroe for pursuing it. On appeal, we vacate the sanctions order, finding that it violated Rule 1:1 and that Joseph Monroe was the…