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MetLife Says It’s Settled with Stuy-Town Tenants

NEW YORK CITY-The Stuy Town apartment property saga continues, with the latest chapter unfolding to show Met Life and tenants may have reached an agreement.

By Miriam Lamey | Updated on March 02, 2012

NEW YORK CITY-MetLife Inc., developer and former owner of the Peter Cooper Village-Stuyvesant Town apartment complex on Manhattan’s East Side, and a group of Stuy-Town tenants have reached an agreement to settle their lawsuit over rent deregulation, according to a Feb. 28 SEC filing. “MTL has reached a settlement in principle with the plaintiff tenants, subject to finalizing the settlement terms and court approval,” the MetLife 2011 annual report reveals. Further details were not disclosed at press time.

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