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CROWSON v. SEALASKA CORP.

Nos. 5-407, 5-422.

705 P.2d 905 (1985)

R. Michael CROWSON d/b/a Marineco; R. Michael Crowson d/b/a Pacific Barge Leasing Co.; R. Michael Crowson d/b/a Marine Eagle Flat and Container, Petitioner, v. SEALASKA CORPORATION; Alaska Aggregate Corporation d/b/a Pacific Western Lines, Inc.; and Alaska Brick Company, Inc., Respondents. SEATTLE-FIRST NATIONAL BANK, a national banking association, Petitioner, v. SEALASKA CORPORATION; Alaska Aggregate Corporation d/b/a Pacific Western Lines, Inc.; and Alaska Brick Company, Inc., Respondents.

Supreme Court of Alaska.

Rehearing Denied September 30, 1985.

Attorney(s) appearing for the Case

Jon R. Zulauf, Edward M. Bensussen, Franco, Asia, Bensussen, Coe & Finegold, Seattle, Wash., Dan E. Dennis, Dennis, Kibby & Moss, Anchorage, for petitioner, Crowson.

David T. Walker, Juneau, Evan L. Schwab, Craig Miller, Seattle, Wash., for petitioner, Seattle-First National Bank.

Bruce E. Gagnon, Patrick B. Gilmore, Atkinson, Conway, Bell & Gagnon, Anchorage, for respondents.

Before RABINOWITZ, C.J., and BURKE, COMPTON and MOORE, JJ.

OPINION

RABINOWITZ, Chief Justice.

This consolidated petition for review arises out of a suit by the respondent, Sealaska Corporation, to rescind six barge charters and one equipment lease which were allegedly procured through extensive fraud and bribery. Petitioners and defendants below, R. Michael Crowson and Seattle-First National Bank (Seattle-First), the lessor and assignee of the lessor's interest in the contracts, respectively, contend this action...

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