State Ex Rel. Lillie v. Cosgriff Co.

Appellant, L. Vance Lillie, seeks a writ of mandamus compelling appellee Cosgriff Company to furnish to appellant its most recent financial statements and to permit appellant’s examination of its books, records of accounts and minutes, and records of Cosgriff Company’s shareholders.

FACTS

In September 1986, appellant, a retired office manager of the Cosgriff Company, offered to sell back his stock in Cosgriff Company, which amounted to 15 percent of the outstanding corporate stock, for $50,000. Appellees counteroffered to purchase appellant’s stock for $10,000.

In an effort to determine the…