Cigar Company Waived Right To Arbitrate Shareholders’ Right To Sell Shares

Mealey's (February 9, 2023, 2:14 PM EST) -- ATLANTA — A federal district court did not err in denying a cigar company’s motion for arbitration in a dispute with a minority shareholder who is seeking to divest his shares in the company because although a buy-sell agreement between the parties included a provision requiring arbitration of any disputes, the company waived that right when it filed a state court action and moved to dismiss or remand the instant action, a per curiam 11th Circuit U.S. Court of Appeals panel ruled Feb. 8....