- 12 - for Mary Orlando, stating that the estate had illegally distributed moneys to Mary Orlando and others. The alleged illegality was premised on her representation that she was the lawful beneficiary of the estate. She also claimed that all fees paid out to Lynch and Reardon had to be returned to the estate. In approximately January 1983, INA retained attorney Robert Boote (Boote) of the law firm of Wolf, Block, Schorr and Solis- Cohen, Philadelphia, to prepare and file an account of the estate with the Orphans' Court for INA in its capacity as surety. Boote determined that there were no organized records maintained by the estate. Boote assumed that Lynch was the attorney for Mary Orlando, as administratrix of the estate, although he never saw any document to confirm that assumption. He did, however, see the agreement of August 7, 1978, between Mary Orlando, as administratrix of the estate, and Lynch pursuant to which Lynch had been hired to recover the stolen securities. Boote requested Lynch to provide him with records of the estate that would enable Boote to prepare an account for the estate. Lynch was not forthcoming in providing Boote with estate records and the records that Boote did obtain from Lynch were disorganized and not very helpful to Boote in his task of preparing an account. Boote's law firm had an estate accounting department, and he assigned an experienced estate accountant to request records from their original sources such as brokerage houses and banks and to work with the estate's accountant at thePage: Previous 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Next
Last modified: May 25, 2011