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STEFANO v. COPPOCK

No. S-453.

705 P.2d 443 (1985)

Ralph R. STEFANO, C. Harold Gillam, and Estate of Robert L. Crow, Appellants, v. Patricia M. COPPOCK, Appellee.

Supreme Court of Alaska.

August 23, 1985.

Attorney(s) appearing for the Case

David Shimek, Shimek & Peabody, Anchorage, for appellants.

Olof K. Hellen, Hellen, Partnow & Condon, Anchorage, for appellee.

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

OPINION

MOORE, Justice.

This is an appeal from a superior court judgment in favor of a minority shareholder's claim of fraud and oppression by the controlling shareholders of a closely held corporation. As a remedy, the superior court ordered the controlling shareholders to buy out the minority shareholder's stock based on its "fair and equitable value."

I. SUMMARY OF FACTS AND PROCEEDINGS

In 1961 Stefano, Gillam and Crow (hereinafter ...

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