Walter E. Hess and Helen L. Hess - Page 7

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               On April 26, 1993, Balfour offered petitioner $500,000 to              
          settle the litigation.  The offer was made to compensate                    
          petitioner for his alleged lost commissions and equity.                     
          Petitioner rejected Balfour's offer, and he made a counteroffer             
          of $1.86 million based on the following claims:  (1) AT&T                   
          contract commissions of $465,000, (2) Prudential contract                   
          commissions of $122,000, (3) the New York Giants contract                   
          commissions of $50,000, (4) NBA accounts of $15,000, (5) All-Star           
          game commissions of $5,000, (6) pipeline commissions of $14,400,            
          (7) chargebacks of $5,000, (8) lost equity of $660,000, and                 
          (9) litigation costs of $125,000.                                           
               Later, on or about May 5, 1993, the District Court granted             
          summary judgment in Balfour's favor on petitioner's claims that             
          equity in his sales territory had been destroyed and that Balfour           
          violated Connecticut's wage laws.  The wage claims were denied              
          because the court concluded that Massachusetts, rather than                 
          Connecticut, law applied.  In denying the equity claim, the court           
          held that petitioner had not suffered a loss because he continued           
          to service his former accounts after leaving Balfour.  The                  
          District Court also denied petitioner's motion for summary                  
          judgment on his claims of breach of contract, conversion, and               
          constructive discharge, and it denied his motion for summary                
          judgment on all of Balfour's counterclaims except for replevin.             








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