Historic $173M Stuy Town Settlement Wins Final Green Light

Law360, Los Angeles (April 10, 2013, 5:19 PM ET) -- A New York state judge on Wednesday granted final approval of a landmark $173 million settlement between Stuyvesant Town-Peter Cooper Village tenants and property managers in a class action over rent overcharges at New York's largest housing complex.

New York Supreme Court Judge Richard Lowe's final approval effectively ends the litigation just a month after a pair of Stuyvesant Town and Peter Cooper Village tenants objected to the preliminarily approved settlement, decrying the agreement as unfair and blasting lead plaintiffs' attorneys for their fee requests....
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required