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Following PCAB's redemption of Ms. Maggos' stock, Nikita
Maggos investigated the possibility of selling PCAB and informed
various bottling industry companies that his stock was available
for sale. On April 28, 1989, Nikita Maggos sold all of PCAB's
stock for cash and other consideration totaling more than $22
million; this consideration included the purchase price, the
purchaser's assumption of PCAB's debt, PCAB's forgiveness of
loans to Nikita Maggos, the receipt by Nikita Maggos of certain
assets which had previously belonged to PCAB, and a
noncompetition agreement between Nikita Maggos and the purchaser.
On August 23, 1994, Ms. Maggos commenced suit in the U.S.
District Court for the District of Hawaii against Nikita Maggos
and PCAB to recover damages for, among other things, fraud with
respect to the redemption. On August 7, 1995, Ms. Maggos
commenced suit in the First Circuit Court in Hawaii against
Victor H. Bezman and E. Lawrence Helm, Jr., and their respective
firms, alleging fraud and professional negligence. Mr. Helm, a
certified public accountant, and Mr. Bezman, an attorney, advised
Ms. Maggos on financial and tax matters, including the
disposition of her PCAB stock. Mr. Helm had been Ms. Maggos'
personal accountant since at least 1960.
Ms. Maggos died on September 3, 1996, and her daughter,
Catherine Maggos Adkins, was appointed special administrator of
Ms. Maggos' estate on October 24, 1996. Ms. Maggos' last will
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