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KNAEBEL v. HEINER

Nos. 5765, 5836.

645 P.2d 201 (1982)

Jeffrey J. KNAEBEL, Appellant, v. Lawrence E. HEINER, Appellee. Russell W. PRITCHETT, Appellant, v. SUPERIOR COURT, Appellee.

Supreme Court of Alaska.

May 28, 1982.

Attorney(s) appearing for the Case

Allen McGrath, Mary L. Poteet, Graham & James, Anchorage, for appellants.

John R. Strachan, Anchorage, for appellees.

Before BURKE, C.J., and CONNOR, MATTHEWS and COMPTON, JJ.

OPINION

MATTHEWS, Justice.

On April 2, 1979, Jeffrey Knaebel, one of three major shareholders of Resource Associates of Alaska, Inc. (RAA), made an agreement with the company and its other two major shareholders to exchange all of his RAA shares for all the shares of a wholly-owned RAA subsidiary. Soon afterwards, Knaebel filed suit to rescind the agreement in the Superior Court at Fairbanks. Trial in the case, which was docketed case No. 79-1104, was scheduled...

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