- 4 - of Wills, Philadelphia, seeking to be appointed administratrix of Philip's estate. The Register granted letters of administration to Mary Orlando on or about December 6, 1977. She served as administratrix of the estate until August 31, 1982. From the time of decedent's death until the middle of 1978, Anthony Orlando, Mary Orlando's husband, unsuccessfully attempted to locate the securities stolen from Philip. Anthony Orlando was introduced to Edward J. Reardon, Jr. (Reardon), who was a stock broker with Merrill, Lynch, Pierce, Fenner & Smith. Anthony Orlando asked Reardon to conduct an investigation to see if the stolen securities could be located. Reardon began an investigation during which he learned about John T. Lynch Jr. (Lynch), an attorney and investment banker who had considerable experience in the municipal bond and finance field. He contacted Lynch because he thought Lynch's experience would be helpful in locating the stolen securities. Reardon introduced Lynch to the Orlandos and Connie Kates, the Orlandos' daughter. Following negotiations among the Orlandos, Connie Kates, and Lynch, on August 7, 1978, Lynch and Mary Orlando, as administratrix of the estate, signed an agreement, whereby Lynch was hired to locate the stolen securities. The agreement provided that Lynch would receive 33- 1/3 percent of the face value of any securities recovered if they were recovered prior to suit. Otherwise, Lynch was to receive 40 percent of the face value of any securities recovered if theyPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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