From our private database of 22,300+ case briefs...
Alaska Plastics, Inc. v. Coppock
Alaska Supreme Court
621 P.2d 270 (Alaska 1980)
Ralph Stefano, Harold Gillam, and Robert Crow (defendants) were the sole owners and directors of Alaska Plastics, Inc. (API). Each owned one third of API’s shares. However, Crow got divorced and lost half of his shares in the settlement, giving a one-sixth interest in API to his former wife, Patricia Muir (plaintiff). After Muir obtained her shares, the defendants did not treat her equally. They failed to notify her of various shareholder meetings; they took annual director’s fees without giving Muir one; they authorized a salary to Gillam; and they used corporate funds to pay for bringing their wives to corporate meetings. Muir never received any money from API. The defendants and Muir began discussing a corporate buyout of her shares, but the defendants would only offer her a price much lower than the stock was worth and throughout the negotiations she repeatedly declined the offers. Muir brought suit and the trial court ordered API to buy Muir’s shares at their fair value. The defendants appealed.
Rule of Law
Holding and Reasoning (Connor, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 516,000 law students since 2011. Some law schools—such as Yale, Berkeley, and Northwestern—even subscribe directly to Quimbee for all their law students.Unlock this case briefRead our student testimonials
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students.Learn about our approachRead more about Quimbee
Here's why 516,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 22,300 briefs, keyed to 984 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.