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Croft School

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South End landlord sues Croft School founder over alleged forged LOC in $14M lease dispute
business23 days ago

South End landlord sues Croft School founder over alleged forged LOC in $14M lease dispute

A South End building owner filed a Suffolk Superior Court suit against Croft School founder Scott Given and the Croft School, alleging a fraudulent lease process built on a forged $500,000 letter of credit from Leader Bank to secure a 10-year lease. The owners seek at least $14 million in damages ($10M for breach of lease plus $4.3M for loss in building value) and want the court to attach Given’s assets. Given has been suspended amid alleged financial irregularities as the school contends with finances and controversy over its expansion into the site formerly used by Foodie's.