A state judge has handed tenants a major victory by refusing to dismiss claims against MetLife, the former owner of the massive Stuyvesant Town and Peter Cooper Village complex. Manhattan Supreme Court Justice Richard B. Lowe III held that the Court of Appeals' 2009 decision in Roberts v. Tishman Speyer Properties "merely interpreted" the Rent Regulation Reform Act. "Therefore, the retroactive application of the Decision is neither 'unexpected and indefensible by reference to the law as it existed'...nor an 'arbitrary change in the law.'"
August 05, 2010 at 12:00 AM
1 minute read
A state judge has handed tenants a major victory by refusing to dismiss claims against the former owner of the massive Stuyvesant Town and Peter Cooper Village complex.
Tenants in 2007 brought the $215 million class action suit against the current owners of the complex, Tishman Speyer Properties, L.P., and its general partner, PCV ST Owner L.P., as well as its former owner, MetLife.
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