Optopics Laboratories Corp. v. Nicholas

OPINION

IRENAS, District Judge:

After purchasing defendants’ controlling shares in Optopics Laboratories Corporation (“Optopics”), plaintiffs instituted this action alleging fraudulent misrepresentations in connection with the transaction. Defendants deny these claims and seek to submit them to arbitration pursuant to a clause in their merger agreement. Plaintiffs assert their claims fall outside of the contractual provision and oppose defendants’ motion to compel arbitration. The matter is further complicated by this Court’s lack of authority to compel arbitration outside of its district in…