Mathis v. Meyeres

OPINION

Before BOOCHEVER, Chief Justice, and RABINO WITZ, CONNOR, BURKE and MATTHEWS, Justices. MATTHEWS, Justice.

This appeal arises from an action brought by Mathis against Meyeres, Kohler, and New State Lands, Inc. (New State) for the wrongful appropriation of a partnership opportunity.

In 1970, Mathis and Meyeres agreed to jointly purchase a 574 acre tract of land in Fairbanks. The acreage was purchased for the purpose of subdivision • and eventual sale; soon thereafter it became known as Wildview Acres Subdivision. Contemporaneous with the purchase, Mathis and Mey-eres entered into an…