BOSTON (Legal Newsline) – An Illinois financial company is suing a Massachusetts law office after it dissolved its practice and formed a new one to avoid paying on a defaulted loan.
Amos Financial filed a lawsuit Oct. 1 in Suffolk Superior Court against Law Office of Charles P. Kazarian and Charles Kazarian, doing business as Kazarian Law, alleging breach of promissory note and fraudulent transfer.
On Oct. 30, 2003, Kazarian executed a promissory note with Sovereign Bank, whereby Kazarian borrowed $100,000.
Kazarian then defaulted under the terms of the note in 2011, the suit alleges. Sovereign assigned the note to Amos and made Amos lawful assignee and owner of the note.
On June 5, 2012, Amos obtained a judgment against Kazarian for more than $86,000, plus statutory interest and costs. To date, the suit states, Kazarian has not paid any part of the judgment.
Kazarian then dissolved Kazarian P.C. and began operating his law practice as Charles Kazarian with the intention to defraud Amos and avoid paying amounts due under the note, the suit claims.
The plaintiff seeks a judgment of $104,106.57, plus interest, costs, and attorney fees. The plaintiff is represented by attorney Joseph Perl in Watertown, Massachusetts.
The defendants filed Dec. 1 to have the case removed to the U.S. District Court for the District of Massachusetts because of the diversity of citizenship between all parties, and because the amount in controversy exceeds $75,000.
U.S. District Court for the District of Massachusetts Case number 1:15-CV-13990-IT