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Recently, a judge ruled that tenants of a 921-unit rental building in Chelsea can proceed with a lawsuit alleging illegal rent hikes related to a tax abatement program as a class action. The case involved the same issues at the heart of the Stuyvesant Town-Peter Cooper Village case, where tenants claimed that then-landlords Tishman Speyer and MetLife had deregulated apartments while taking tax breaks for apartment improvements, known as the J-51 program. An appeals court found in 2009 that this was illegal.
