Estate of Philip Meriano, Deceased, Anita Panepinto, Administratrix - Page 17

                                       - 17 -                                         
          $1,146,446 (the fair market value of the recovered stolen bonds)            
          or $171,966.90.  He surcharged Reardon the excess of $78,983.10             
          plus 6 percent interest from the dates he received moneys from              
          the estate, i.e., $28,033.10 on May 7, 1980, $20,000 on June 17,            
          1980, and $30,950 on April 15, 1981.  Reardon was to be given               
          credit for any portion of his surcharge which might be paid by              
          Lynch on Reardon's behalf and so designated at the time of                  
          payment.                                                                    
               Judge Shoyer next found that $95,000 had been paid by Lynch            
          to Groen and Smolow.  There was no controversy about the first              
          $50,000 which Lynch had said was payable out of his fees in                 
          connection with the litigation to compel recovery of the stolen             
          bonds from the Bossis.  Controversy still existed, however, as to           
          the remaining $45,000 which Lynch paid them as an alleged general           
          obligation of the estate for estate work performed by Smolow.               
          After reviewing the record, Judge Shoyer surcharged Groen and               
          Smolow $1,230 plus 6 percent interest from May 14, 1980, when               
          Lynch withdrew the $45,000 from the estate.  Groen and Smoler               
          were given credit for any portion of their surcharge which might            
          be paid by Lynch on their behalf and so designated at the time of           
          payment.                                                                    
               Finally, because of Lynch's failure to cooperate with Boote            
          in the preparation of the surety's account for the estate, Judge            
          Shoyer reduced his fee from 40 percent to 35 percent of the fair            






Page:  Previous  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22  23  24  25  26  Next

Last modified: May 25, 2011