Court: Records inspection needs testimony
The Indiana Court of Appeals reversed a trial court decision to allow a couple to inspect a company’s financial statements, finding the trial court relied only on an affidavit – and not testimony – to allow the inspection. In Bacompt Systems, Inc. v. Angelina Peck and David C. Peck, No. 29A02-0708-CV-646, the Pecks made separate written requests to view Bacompt’s financial documents. The Pecks, who lived in Pennsylvania, owned approximately 25 percent of the company’s stock. Prior to David C. Peck’s termination…