Heinsimer v. Wellington Leisure Products, Inc.

Johnson, Judge.

This case arises from a complex agreement entered into between Wellington Leisure Products, Inc. (“Wellington”), Peter Heinsimer and Daniel Estreich. The record shows that in 1982, Wellington, Heinsimer and Estreich entered into an agreement whereby Heinsimer and Estreich were to market and sell craft products manufactured by Wellington. The proceeds of the sale of the craft products were collected by a company called Maxwell International of Delaware, Inc. (“Maxwell”), which was owned 50 percent by Wellington and 25 percent each by Heinsimer and Estreich. After paying certain…