Finley v. Curley

Alfred Lee Finley brought this action against James R. Curley to enforce a stock purchase and escrow agreement for 50 percent of the common stock of Equipment Service and Parts, Inc. (ESP). He also sought injunctive relief and sanctions against Mr. Curley and ESP for alleged violations of his rights as a shareholder. After trial, the court concluded Mr. Finley had not paid the consideration required by the stock escrow agreement, was not a shareholder, and no shareholder rights existed. Mr. Finley's appeal presents three questions: (1) Did Mr. Curley wrongfully terminate the stock escrow…