IN RE ROLFE

Nos. 82-1952, 82-1953.

710 F.2d 1 (1983)

In re Edward ROLFE, et al., Debtors, Appellants.

United States Court of Appeals, First Circuit.

Decided June 15, 1983.


Attorney(s) appearing for the Case

Melvin S. Hoffman, Boston, Mass., with whom Sherman H. Starr, Jr., and Barron & Stadfeld, Boston, Mass., were on brief, for Edward Rolfe, et al.

Donald J. Kaiser, Jr., Quincy, Mass., with whom Cosgrove & Eisenberg, P.C., Quincy, Mass., was on brief, for Micro Hydraulics Valve Co., Inc. and Walter Mielko.

Before COFFIN and BREYER, Circuit Judges, and RE, Judge.


BREYER, Circuit Judge.

This appeal is part of a lengthy controversy between Edward Rolfe, the President of Micro Hydraulic Valves, Inc., and a former employee, Walter Mielko, who had formed a company called Micro Hydraulics Valve Co., Inc. (Because of the confusing similarity of the names, we shall refer to Rolfe's company as "Rinc" and to Mielko's company as "Mico"). In 1976 Rinc bought the assets of Mico and, as part of the sale price, gave Mico a $70,000 promissory...

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