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One of the nation's largest real estate investment trusts will pay a multimillion-dollar settlement to more than 1,000 residents of a Florida apartment building to end a mold class action. Class members alleged an improperly executed renovation of the heating, ventilation and air-conditioning system allowed mold to spread throughout the building. Colorado-based Archstone-Smith Operating Trust has said that total repair, settlement and related costs could reach $25 million.
November 26, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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