Parsons v. Jefferson-Pilot Corp.

MITCHELL, Justice.

Louise Price Parsons, a shareholder in Jefferson-Pilot Corporation, initiated this action by filing a complaint and motion for preliminary injunction seeking to compel the defendant corporation to allow her to inspect, inter alia, its accounting records and records of shareholder and director action. The defendant answered and filed a motion for summary judgment and for sanctions under Rule 11 of the North Carolina Rules of Civil Procedure.

The evidence introduced at a hearing on the defendant’s motion tended to show the following. The plaintiff, Louise Price Parsons, is a…