USDA NRCS CA | Tilapia growing on Kelley Hot Spring Fish Farm west of Alturas, California, USA | https://commons.wikimedia.org/wiki/File:Tilapia_farm_california.jpg | Creative Commons Attribution 2.0 Generic license. | https://en.wikipedia.org/wiki/Creative_Commons
A partner of a company formed to buy and rent commercial real estate at 159 Main St. is suing the other three partners. He is alleging that his partners "conspired to violate both fiduciary duties and contractual obligations" in the renting of the Atlantic Fish & Seafood space. Mr. Montagnino, of Gloucester, filed the suit last week in Essex Superior Court against, Nicholas M. Osgood, of Hamilton, Shawn S. Hynes, of Braintree, and David Hynes, of Braintree. His three partners at NSDJ Real Estate LLC.
These charges have been pressed stating that the three partners violated their fiduciary duty by "leasing the property to themselves and/or their wholly owned corporation at substantially less than fair market value" at the expense of Mr. Montagnino. Mr. Montagnino also stated that his three partners breached the terms of a 2018 operating agreement. Claiming that the three partners "intentionally interfered with NSDJ contractual obligations" to Montagnino. Mr. Montagnino also seeks "a complete accounting of all NSDJ funds, income, expenses and assets."