Worman v. Investment Co. of Santa Monica
The instant dispute arose when Worman, a 25 percent shareholder in the Companies, became concerned that she was not receiving dividend distributions but was nevertheless incurring tax liability for distributions attributed to her in IRS Schedule K-1 forms issued by the Companies. On August 20, 2013, Worman served statutory demands to inspect the Companies’ records. When the Companies failed to respond to the inspection demands, Worman filed a petition for writ of mandate in the superior court on November 1, 2013.
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