Ivy v. Calais Company, Inc.

Summary

The Alaska Supreme Court affirmed the superior court’s proper instruction of the appraisal panel and upheld the panel’s valuation, but reversed the lower court’s denial of post‑judgment interest and remanded for interest calculation reduced by dividends. The Court held that the superior court’s instructions complied with the settlement agreement and that Ivy’s unpreserved arguments were waived. It also clarified that appellate review of appraisal awards is limited to whether the contract‑assigned task was performed, not the accuracy of the valuation.