Yokochi v. Yoshimoto

OPINION OP THE COURT

BT WIRTZ, J.

This case is a stockholder’s derivative suit filed under Rule 23(b) H.R.C.P. brought by plaintiffs-appellants, Charles R. and Odiene R. Yokochi, husband and wife, who will hereinafter be designated as “plaintiffs” or as “plaintiff-husband” or “plaintiff-wife,” as the case may be.

Oahu Construction Co., Ltd., a Hawaii corporation, was established as of March 21, 1947, the two principal stockholders being defendant-appellee Watson T. Yoshimoto, hereinafter referred to as “defendant,” holder of a majority of the shares, and plaintiff-husband. Previously, these two…