Disgraced Boston Cab King Sued Over $145M Buyout

Law360, Boston (December 16, 2016, 4:55 PM EST) -- A Boston real estate developer is suing a taxicab mogul — recently sentenced to probation for tax fraud and labor violations — over an aborted $145 million property and business deal.

Cabot Cabot & Forbes said in a state court complaint Tuesday that Edward Tutunjian agreed to sell his 362 taxi medallions, along with prime real estate in Boston, for the nine-figure sum. But as Tutunjian's criminal case evolved, he shopped the deal around elsewhere and then, just before his sentencing, abruptly cut off communications, CC&F said.

"We were very happy with where we were," CC&F CEO Jay Doherty said Friday....

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