Coury v. Moss

DENNIS, Circuit Judge:

This interlocutory appeal from a partial summary judgment in a shareholder derivative action is another chapter in the twenty-year family dispute 1 involving Coury-Moss, Inc. (“CMI”), a Louisiana closely held corporation doing business as Moss Motors, which operates franchise automobile dealerships in Lafayette, Louisiana. 2 The issue is whether the defendants can defeat the shareholder derivative action brought here by A. Sam Coury (“Coury”) by having CMI purchase his shares at book value because he previously sold them to a third person without complying with CMI’s…