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HYDABURG CO-OP. v. HYDABURG FISHERIES

No. S-4139.

826 P.2d 751 (1992)

HYDABURG COOPERATIVE ASSOCIATION, OF HYDABURG, Alaska, an Alaska Cooperative Corporation; Mary E. Guss; Clifford H. Smith, an Alaska Professional Corporation, Appellants, v. HYDABURG FISHERIES, a Partnership and Hydaburg Fisheries, Inc., an Alaska Corporation, Appellees.

Supreme Court of Alaska.

February 21, 1992.

Attorney(s) appearing for the Case

Dennis L. McCarty, Law Offices of Clifford H. Smith, Ketchikan, for appellants.

Paul L. Dillon, Dillon & Findley, Juneau, and Anthony L. Rafel and David N. Mark, Culp, Guterson & Grader, Seattle, for appellees.

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

OPINION

COMPTON, Justice.

This appeal arises out of a dispute over a joint venture agreement between Hydaburg Cooperative Association (HCA) and Hydaburg Fisheries to operate a fish processing plant in Hydaburg, Alaska. The dispute arose when the United States Department of Commerce Economic Development Administration (EDA) failed to approve the agreement. EDA's approval was necessary because HCA had received an EDA grant to develop the plant. Pursuant to...

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