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Home / Opinion Digests / Business Law / Contract – Stock Sale – ‘Clean Shell’ Companies – Arbitration (access required)

Contract – Stock Sale – ‘Clean Shell’ Companies – Arbitration (access required)

In this dispute between plaintiff Belmont Partners LLC and defendant Mina Mar Group Inc., over Belmont’s agreement to sell Mina Mar stock of three “clean shell” corporations, a Charlottesville U.S. District Court says res judicata prevents it from ruling on Mina Mar’s motion to suspend confirmation of an arbitration award, in light of a judgment ...