Tenants of Stuyvesant Town-Peter Cooper Village in New York who sued alleging they were overcharged for rent reached a $68.8 million settlement with MetLife Inc. and CWCapital Asset Management, lawyers said.
The settlement received preliminary approval Thursday from Richard Lowe, chief justice of the New York State Appellate Term, First Department, according to a statement Thursday by Wolf Haldenstein Adler Freeman & Herz LLP and Bernstein Liebhard LLP, the law firms for the tenants. A hearing on final approval of the settlement is set for April 9.
