An Allied Marine yacht broker has filed a lawsuit against a client and Baglietto. He claims the two circumvented verbal agreements under which he would receive a commission. The lawsuit follows a related filing by the client. The owner requests a declaratory judgment that the broker is not due any commission from the megayacht purchase.
Allied Marine is expanding its activities for both charter and sales. To the latter point, the company is reviving a megayacht-specific sales arm. It’s now known as the Allied Marine-Ferretti Group Superyacht Division. Allied Marine has long focused on brokerage sales, from its founding in 1945. In 2008, the Ferretti Group acquired the company, then