The allegations read: On february 19, 2024, the plaintiffs filed a class action lawsuit (amended 4/4/2024) against eleven (11) different defendants, which included boston asset management, inc. (bam) and leo govoni (govoni). Neither bam nor govoni have ever done business with the plaintiffs.
plaintiffs are beneficiaries of a trust administered by the center for special needs trust administration, inc. (the "center") and are attempting to recover funds that the center loaned to boston finance group, llc ("bfg") (the "loan"). Bfg is an affiliate of bam and govoni. The center is a noticeably absent party in the chamberlin lawsuit because it filed for bankruptcy in february 2024. Plaintiffs are seeking to do an end-run around the loan and the center's bankruptcy in an attempt to recover from a wide range of parties who had no relationship to the plaintiffs. Plaintiffs are inventing legal theories and duties as well as fiduciary relationships by attempting to insert themselves directly into what is, at its heart, a commercial loan matter between the center and bfg. The allegation against bam is for breach of fiduciary duty and the allegations against govoni include conversion, breach of fiduciary duty, aiding and abetting breach of fiduciary duty, negligence, and alter-ego.
