Lawsuit Filed over Closure of Broadband School

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A lawsuit has been filed over the closure of a boarding school, with plaintiffs coming from a number of different states as well as from Great Britain. The suit has been filed over the closure of Conserve School in Land O’Lakes, which is in northern Wisconsin.
The school is a private boarding school for students that are interested in the environment and the outdoors, and has been running for four years. Parents claim in the lawsuit that board of the school mis-managed funds, and failed in its duties to ensure the effective running of the learning establishment.

The lawsuit claims that board members invested a large amount of the one hundred and ninety million trust fund in another company, where they also served on the board, which was Central Steel and Wire based in Chicago. The lawsuit was filed last week in Vilas County Circuit Court.

With regards to the lawsuit one school official stated: “We knew this would be very disheartening for the parents because it is very disheartening for us. But we are very confident in our position and that we will prevail.”

 

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