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Mr. Ashare, in his capacity as petitioner's employee, has
served as trustee of the Gentile case settlement fund from 1989
to date. Following the settlement, petitioner has had to perform
a "tremendous amount of work" administering the fund; e.g., it
has had to identify and locate each Gentile case plaintiff,
ascertain actuarially each plaintiff's pension benefit with the
assistance of few or no records maintained by the city on its
employees, and distribute to each plaintiff his or her
ascertained benefit. Both Mr. Ashare and Ms. Moore, on behalf of
petitioner, have devoted and continue to devote significant time
and effort to the fund's administration, and petitioner continues
to employ Ms. Moore full time at a salary of $45,000. Petitioner
continues to lease the office space let to it since its
incorporation. Except for the $12,567,623 award, petitioner is
not entitled to any further compensation for the postsettlement
services performed on the Gentile case. As of September 13,
1996, petitioner still had to locate and ascertain the benefits
of approximately 900 plaintiffs. As of March 17, 1999,
petitioner still had to locate and ascertain the benefits of
approximately 500 plaintiffs.
Petitioner's items of income and expense as reported on its
1989 through 1993 Forms 1120 are as follows:
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Last modified: May 25, 2011