Coover v. G & J Electric, Inc.

Plaintiff brought this suit to require the defendant to account for amounts payable to plaintiff under a stock redemption agreement.

The defendant corporation was formed by plaintiff and Jerry Boldt. After four years, plaintiff and Boldt decided that they did not wish to remain in business together. They determined that Boldt would continue the business alone. A stock redemption agreement was drafted by an attorney for Boldt, and executed by plaintiff and the corporation. The agreement provided in part that plaintiff was to receive all amounts collected by the corporation on certain accounts…