Ousted Knotel chief continues to face litigation from landlords
More than 20 lawsuits have been filed by city landlords against either Knotel or Sarva in the past year, demanding millions of dollars in unpaid rent after the Covid-19 pandemic emptied its spaces of customers. In order to terminate the 30 Cooper Square lease, Knotel would have to shell out nearly $1 million in installments to the landlord. The company defaulted on those payments in January, according to the complaint, and then subsequently filed for bankruptcy. During bankruptcy proceedings, the company had a bankruptcy judge reject the lease, meaning the landlord could collect damages for...
Source: crainsnewyork.com