Robert Joseph Looby and M. Patricia Looby - Page 4

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               The estate also held 50-percent stock ownership4 in a close            
          corporation, which owned parcels of real estate.  In September of           
          1986, the executors advised petitioner that the corporate stock             
          would be "transferred".  In late December of 1986, there was a              
          disposition of the stock by the executors.  As a result of this             
          disposition, certain assets of the corporation were acquired by             
          Nationwide Properties Ltd., a close corporation owned or                    
          controlled by children5 of co-executor, Hyland.                             
               Petitioner's lawsuits                                                  
               On or about November 1, 1986, the beneficiaries of the                 
          estate of M. Doris Casey filed a "PETITION FOR REMOVAL OF                   
          EXECUTORS AND TRUSTEES" in the Surrogate's Court of the State of            
          New York, in Westchester County.6  Following a statement of                 
          facts, the State court petition for removal contains seven                  
          allegations, six of which assert that the executors engaged in              
          self-dealing and paid excessive fees out of the estate.  One of             
          the seven allegations is that the sale of the Chicago property              
          was mismanaged, resulting in a lawsuit against the estate's                 



          4At her death, decedent owned two of the four outstanding                   
          shares of Huber-Kettell Corporation.  The two other shares were             
          owned by Mark W. Hyland and Sharon Hyland.                                  
          5In State Court documents stipulated by the parties, Mark W.                
          Hyland and Sharon A. Hyland are identified as owning or                     
          controlling Nationwide Properties, Ltd.                                     
          6Estate of M. Doris Casey, Surrogate's Court File No. 816-                  
          1982.                                                                       




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