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HIKITA v. NICHIRO GYOGYO KAISHA, LTD.

No. S-494.

713 P.2d 1197 (1986)

Takehiro HIKITA and Alaska Foods, Inc., Appellants, v. NICHIRO GYOGYO KAISHA, LTD., Nichiro Pacific, Ltd., Appellees.

Supreme Court of Alaska.

Rehearing Denied February 25, 1986.

Attorney(s) appearing for the Case

James D. Rhodes, Hartig, Rhodes, Norman, Mahoney & Edwards, Anchorage, for appellants.

John S. Hedland, James T. Brennan, Hedland, Fleischer & Friedman, Anchorage, for appellees.

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

OPINION

RABINOWITZ, Chief Justice.

This appeal stems from the same events and presents the same issues that this court concerned itself with in Norman v. Nichiro Gyogyo Kaisha, Ltd., 645 P.2d 191 (Alaska 1982). The primary question is whether appellant Alaska Foods, Inc. (Alaska Foods) can maintain an individual shareholder action, as distinguished from a corporate or derivative action, against the appellee Nichiro...

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