Jordan v. Security Group, Inc.

Harwell, Chief Justice:

Security Group, Inc. (SGI) appeals from a declaratory judgment order that construed a settlement agreement as requiring SGI to furnish financial statements to respondent Robert L. Jordan (Jordan). We reverse.

I. FACTS

Jordan and Jesse L. Bridges (Bridges) were sole shareholders of SGI, a holding company which owns a lending enterprise. Bridges and Jordan were unable to agree on the management of SGI, and in 1987 Jordan instituted a legal action to resolve their dispute. The parties and their counsel entered into lengthy negotiations which resulted in SGI’s agreeing to,…