URT Industries, Inc. v. Scorpio Music, Inc.

URT Industries, Inc. appeals an order granting Scorpio Music, Inc.’s motion for partial summary judgment requiring URT to produce its corporate books and records for inspection by Scorpio pursuant to section 607.157(4), Florida Statutes (1987). The order has been stayed pending the outcome of this appeal.

Scorpio Music, Inc., a shareholder in URT Industries, Inc., alleged that the chairman of URT purchased URT stock below market price with funds loaned to him by the company at a low interest rate and that URT has supplied misinformation in the annual report as to how class A and class B stock…