Friday 25 September 2020

Rockpoint Group settles alleged rent-stabilization violations for $5M

A Wall Street landlord has settled a lawsuit brought by its tenants over alleged rent-regulation violations. Rockpoint Group, a Boston private equity firm, will pay a $5 million settlement to as many as 4,800 current and former tenants in two Financial District buildings, Crain’s reported. Attorneys representing the tenants at 63 and 67 Wall Street filed a class-action lawsuit in November 2019, alleging that Rockpoint benefited from a state tax program for 14 years while



source https://therealdeal.com/2020/09/25/rockpoint-group-settles-alleged-rent-stabilization-violations-for-5m/

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