Ronald Naquin, an employee of Air Engineered Systems & Services, Inc., owned one-third of its outstanding shares. After six years, he was fired and an offer was made to buy out his interest in Air Engineered at a price that Naquin thought inadequate. He then formed a competing business and made a written request to examine the corporate records of Air Engineered. This request was denied. Naquin filed suit to require Air Engineered to allow him to examine the books. Air Engineered raised the defense that he was a competitor seeking to gain unfair competitive advantage. Decide. [Naquin v. Air Engineered Systems & Services, Inc., 463 So.2d 992 (La. App.)]

  • CreatedJune 06, 2014
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