Tuite & Sons, Inc. v. Shawmut Bank, N.A.

Plaintiffs, Tuite & Sons, Inc., and Charles F. Tuite (Tuite), brought this action against the defendant, Shawmut Bank (Shawmut), alleging breach of contract, misrepresentation, and violations of G. L. c. 93A, concerning Shawmut’s alleged compromise of Tuite’s outstanding loan obligations, which exceeded $600,000, for a lump sum payment of $450,000. After Tuite had paid some but not all of the $450,000, Shawmut assigned the underlying promissory notes to SKW Real Estate Limited Partnership (SKW), which then commenced an action to enforce Tuite’s original obligations on the notes. Tuite,…