Maglica Vs. Maglica
In the case of Maglica versus Maglica, Tony Maglica the creator and founder of the Maglite- Flashlight Company is being sued by his ex-girlfriend, Claire Maglica. Tony and Claire Maglica were together for 23 years, during their relationship Claire was promised part ownership of the Maglite Company. Now after there breakup she is suing Tony Maglica for half of the companies’ assets, based on the promise he had made to her during their relationship. Claire claims that Mr. Maglica promised her that they would share the assets of the Maglite Company, regardless if their relationship was to be a failure or success, during their stay at the Western Motel in Palm Springs. She feels that by not making good on the promise that Mr. Maglica is breaching a contract they had between them. Claire also notes that when
the company was originated it was only worth mere hundreds or thousands. However, today because of her help to build up the company, as its Executive Vice President, it is worth millions. Secondly, though Claire claimed that Mr. Maglica had promised her assets in the company, the defense had paperwork proving that she had willfully given up and did not want any rights or ownership of the company. Furthermore, she had even signed her son’s financial aid paperwork stating that she did not have any ownership in the Maglite Company. However, this evidence was thrown out of court, because Claire denied that the paperwork presented in the court was the same paperwork that she had signed. Thirdly, being the Executive Vice President of a company does not entitle you to any of the company’s assets after you decide to leave. Especially since
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Approximate Word count = 570
Approximate Pages = 2 (250 words per page double spaced)
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