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MATHIS v. MEYERES

No. 3136.

574 P.2d 447 (1978)

Hill H. MATHIS, Appellant, v. Bud F. MEYERES, Ray Kohler, and New State Lands, Inc., Appellees.

Supreme Court of Alaska.

February 10, 1978.

Attorney(s) appearing for the Case

Stephen D. Cramer, Dennis E. Cook, Merdes, Schaible, Staley & DeLisio, Inc., Fairbanks, for appellant.

William V. Boggess, Fairbanks, for appellees.

Before BOOCHEVER, Chief Justice, and RABINOWITZ, CONNOR, BURKE and MATTHEWS, Justices.

OPINION

MATTHEWS, Justice.

This appeal arises from an action brought by Mathis against Meyeres, Kohler, and New State Lands, Inc. (New State) for the wrongful appropriation of a partnership opportunity.

In 1970, Mathis and Meyeres agreed to jointly purchase a 574 acre tract of land in Fairbanks. The acreage was purchased for the purpose of subdivision and eventual sale; soon thereafter it became known as Wildview Acres Subdivision. Contemporaneous...

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