Kennecorp Mortgage & Equities, Inc. v. First National Bank of Fairbanks

OPINION

CARPENETI, Superior Court Judge.

This case raises questions concerning the proper scope of AS 09.05.015, Alaska’s long-arm statute, in the context of a default judgment. Appellants are two Ohio corporations, a holding company and its wholly-owned subsidiary, which moved to set aside a default judgment entered against them. They appeal from the superior court’s refusal to set aside the default judgment.

FACTS

In 1978, Sailor J. Kennedy, a resident of Ohio, travelled to Alaska to discuss the possibility of doing business with the First National Bank of Fairbanks (“the bank”). Kennedy was…