Historic $173M Stuy Town Settlement Wins Final Green Light

Law360, Los Angeles (April 10, 2013, 5:19 PM EDT) -- 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....
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