Wallace v. Miller Art Co.

In this proceeding in the nature of a mandamus, pursuant to article 78 of the Civil Practice Act, petitioner seeks an order requiring the respondents to submit “ all and singular the said corporation’s books of account, records, papers and contracts ” and all stock books, transfer books, etc.

The petition is replete with serious charges of mismanagement of the respondent corporation by the individual respondents in that the individual respondents improperly downgraded the value of the inventory; siphoned off the income of the corporation, improperly used the funds of the corporation, paid out…