Mainstreet Bank v. National Excavating Corporation

MEMORANDUM OPINION

T.S. ELLIS, III, District Judge.

At issue in this transferred 1 diversity action alleging fraud and fraudulent conveyances arising out of a leveraged employee buyout is whether plaintiffs claims survive summary judgment. Defendants essentially argue that plaintiffs claims fail for two reasons. First, defendants argue that Virginia law governs plaintiffs claims, and hence plaintiffs statutory fraudulent conveyance claims under Maryland law must be dismissed. Second, defendants argue that the common law actual and constructive fraud claims fail because the undisputed facts on…