Information Control Corp. v. Lewis (In Re Information Control Corp.)

MEMORANDUM OF DECISION

JOHN D. AYER, Bankruptcy Judge.

Information Control Corporation (“ICC”), the debtor and plaintiff, was a maker of electronics products. It manufactured a line of electronic modules called “the Abacus line.” Billy D. Lewis (“Lewis”) was at one time an executive of ICC. Later, Lewis himself produced the Abacus line, under a subcontract with ICC. While performing the subcontract, he acquired some purchase orders. He filled those purchase orders, received payment, and divided the proceeds with ICC, all pursuant to agreement and all, so far as appears, without any quarrel. But…