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court which has jurisdiction over the marital assets." On the same
day (May 25, 1989), the family court entered a Consent Order,
appointing Richard MacAdams (Mr. MacAdams) as Mr. Sullivan's
guardian ad litem and restraining Mr. Sullivan from negotiating or
attempting to negotiate with South Isle or its insurance company.
Issuance of Judgment Proceeds
On November 1, 1989, Messrs. MacAdams, Thomas Tarro III (Mr.
Tarro), and Leo Dailey (Mr. Dailey)1 held a conference call to
discuss steps to be taken following receipt of the judgment award.
They agreed that the settlement proceeds would be deposited in a
daily interest-bearing account in the names of Messrs. Tarro and
MacAdams at the Rhode Island Central Credit Union (Credit Union).
The settlement proceeds would be available at the offices of
Richard Van Tienhoven (Mr. Van Tienhoven), the attorney for South
Isle, on November 6, 1989, and would include interest through that
date.
On November 2, 1989, Continental Insurance Co. (Continental),
the insurance carrier for South Isle, issued a check for
$1,248,778.12, in satisfaction of the judgment. The check was made
payable to "John L. Sullivan, Richard MacAdams, Guardian-ad-Litem,
and Thomas Tarro III, His Attorney." The check represented
1 Mr. Tarro was one of Mr. Sullivan's attorneys in the
personal injury action filed in U.S. District Court. Mr. Dailey
represented Mr. Sullivan in his divorce action.
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