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from Pittsburgh National Bank. The letter of credit was
secured by a mortgage on the Steins' home.
The Steins' litigation continued from 1988 until 1992.
Sometime in April 1991, Broadcort sold all of the stock in
the Steins' personal account, including 3,500 shares of
Saztec stock that were in the account at that time. We
note that this is 2,000 shares less than the number of
Saztec shares held in the account on April 25, 1987. The
record does not explain how or when the 2,000 shares were
disposed of. The 3,500 shares of Saztec stock were sold
for approximately $4 a share. Broadcort retained all of
the cash realized from the sale of stock in the Steins'
account.
In April 1992, Mr. and Mrs. Stein agreed to settle
their suit against Steinberg & Lyman, Broadcort, and
others. The terms of the settlement are confidential
and are not contained in the record of this case. When
Mr. Stein received the proceeds of the settlement, he
allegedly took a portion of the proceeds that he considered
to be related to 2,000 shares of Saztec stock (the record
does not state how much) and placed that amount into an IRA
rollover account. Mr. Stein had created the IRA rollover
account in 1988 when the subject pension plan terminated
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