NYC Apartment Complex Fights Rent Rate Class Bid

Law360, New York (November 28, 2011, 6:32 PM EST) -- An attorney for Manhattan's thousand-unit London Terrace Gardens apartment complex told a New York state judge Monday that a proposed class of tenants suing over the conversion of their rent-regulated apartments to market rate were too dissimilar.

In two separate cases, proposed classes of the tenants in the building in Manhattan's Chelsea neighborhood allege that the building's owner, London Terrace Gardens LP, illegally converted many of its rent-regulated apartments to market rates in violation of New York's J-51 tax abatement program, which gives landlords certain breaks...
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