Estate of Philip Meriano, Deceased, Anita Panepinto, Administratrix - Page 16

                                       - 16 -                                         
          the money paid to them by Lynch pending approval of the payments            
          by the court.                                                               
               After 14 hearings during the period May 2, 1986, to March              
          24, 1987, Judge Shoyer entered an adjudication on September 21,             
          1988.  Judge Shoyer opined that the method Lynch followed in                
          removing bonds and coupons from the estate and his failure to               
          maintain adequate records of such transactions was a breach of              
          ethical standards.  He stated, however, that the court was not              
          disposed to penalize Lynch for his several violations of the                
          ethical rules but would leave the disposition of such ethical               
          considerations to the Disciplinary Board of the Supreme Court of            
          Pennsylvania, and he referred the record of the Orphans' Court to           
          the Disciplinary Board.  There is no evidence in this record that           
          the Disciplinary Board ever took any action on the referral.                
               Judge Shoyer stated that in endeavoring to arrive at a                 
          reasonable and fair fee, he was most conscious of the fact that             
          had it not been for Lynch and Reardon, there would be nothing for           
          the parties before him to fight about.  He found that a                     
          reasonable contingent fee for Lynch and Reardon should be based             
          on a percentage of the fair market value of the recovered stolen            
          bonds.  He first noted that there was no allegation by Panepinto            
          of any impropriety by Reardon.                                              
               Reardon admitted that he had received $250,950 from Lynch in           
          payment of the investigatory work which he had performed.  Judge            
          Shoyer found that Reardon was entitled to 15 percent of                     




Page:  Previous  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22  23  24  25  Next

Last modified: May 25, 2011