Middleburg Training Center, Inc. v. Firestone

MEMORANDUM OPINION

ELLIS, District Judge.

At issue in this removed shareholder appraisal action, brought pursuant to Va. Code § 13.1-729 et seq., is whether defendant, Myrna Firestone, agreed to litigate her appraisal rights action in a Virginia state court when she purchased shares in plaintiff, Middleburg Training Center, Inc. (“MTC”), a Virginia corporation. Fully briefed and argued, this issue is now ripe for disposition. For the reasons that follow, plaintiffs motion to remand to the Circuit Court of Loudon County, Virginia.', must be granted. Because the Virginia Stock Corporation Act…