Landlord Settles Tenants' Harassment Suit

Recently, a settlement deal was reached between the Pinnacle Group, a large New York City landlord, and its rent-regulated tenants, who claimed in a class-action lawsuit that they had been subjected to harassment, unlawful rent increases, and aggressive eviction attempts during the real estate boom. They claimed that the owner had skirted the state's rent regulation and other housing laws and had violated federal racketeering laws.