MIAMI, FL – February 16, 2021- Bast Amron partner Jeffrey Bast talked to the South Florida Business Journal about the Unipharma bankruptcy and the lawsuit filed by the founding family members against the company’s investment partner. Bast Amron represents the Santamarta family members who filed on January 18th a lawsuit in U.S. Bankruptcy Court against Morgan Stanley affiliates for misrepresentations and other misconduct in connection to the investments and loans to Unipharma, which the lender is alleged to have improperly called into default.
“In our view, the defaults were largely manufactured by the defendant,” Bast said. “The founder came here and had 40 years of experience in this industry in Venezuela with great success. They came here to replicate that and thought they had lined up a partnership with a network of contacts to assist them, but it didn’t work out the way they had been told.”
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