Hikita v. Nichiro Gyogyo Kaisha, Ltd.

OPINION

Before RABINOWITZ, C.J., and BURKE, MATTHEWS, COMPTON and MOORE, JJ. 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 ap-pellee Nichiro Gyogyo Kaisha, Ltd. (NGK). 1 The superior court granted NGK’s motion for summary judgment, concluding that our…