Hanson v. Shim
Court of Appeals of Washington
1Opinion of the CourtBaker, C.J.
This case arose from a failed 1991 venture between James Hanson and Jenam Enterprises, Inc., Pan Pacific Trading Corporation, and Chul Shim (owner/representative of both corporations) to form Arctic Sounder Fisheries, Inc. (ASF), a company that was to convert a vessel owned by one of Hanson’s companies into a fishing vessel. When the deal began to fail, Jenam filed an involuntary bankruptcy against ASF, during the course of which Pan Pacific purchased the vessel for a fraction of its current value. Hanson then filed suit against Jenam, Pan Pacific, and Shim for breach of the 1991 agreements.…
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