63/67 Wall Street Class Action

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63/67 Wall Street Class Action
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Notice and Claim Form
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IF YOU RENTED FORMERLY DEREGULATED APARTMENTS IN THE 63 WALL STREET AND 67 WALL STREET BUILDINGS AT ANY TIME FROM NOVEMBER 24, 2013, TO APRIL 14, 2021, YOU COULD GET A PAYMENT FROM A CLASS ACTION SETTLEMENT.

This notice is given pursuant to an Order (the “Preliminary Approval Order”) of the New York State Supreme Court, New York County (the “Court”) entered in the above-captioned class action (the “Action”) brought on behalf of persons and entities who rented certain apartments (the “Units”) in 63 Wall Street and 67 Wall Street in New York, New York (the “Buildings”) between November 24, 2013, and April 14, 2021 (the “Class Period”).

The purpose of this Notice is to inform you of the proposed settlement of the Action (the “Settlement”), and of a hearing (the “Settlement Hearing”) to be held before the Honorable Justice Phillip Hom on the 17th day of September in the year 2021. The purpose of the Settlement Hearing is:

I. To determine whether the proposed Settlement, as set forth in a Stipulation and Agreement of Settlement entered into by the parties to the Action and dated as of September 17, 2020 (the “Stipulation”), is fair, reasonable, adequate, in the best interests of the Settlement Class (defined below), is consistent with the New York Rent Stabilization Law (“RSL”) and Rent Stabilization Code (“RSC”), and should be approved by the Court;

II. To determine whether a judgment should be entered in the Action pursuant to the proposed Settlement that will, among other things, dismiss the Complaint (defined below) with prejudice and release the Released Claims (defined below);

III. To consider the application of Plaintiffs’ counsel for an award of attorneys’ fees and expenses; and

IV. To consider such other matters as the Court may deem appropriate.

The Court has preliminarily determined that the Action shall be maintained as a class action under New York Civil Practice Law and Rules (“CPLR”) §§ 901, et seq., consisting of all persons who were signatories of leases for the Units as of November 24, 2013, or who signed leases for the Units since November 24, 2013, up to the date of entry of the Preliminary Approval Order (i.e., April 14, 2021) (individually, “Class Members,” together, the “Class”). The named Plaintiff has been preliminarily certified as the “Class Representative,” and his counsel Newman Ferrara LLP as lead counsel for the Class (“Lead Counsel”). This Notice describes the rights you may have under the Settlement and what steps you may take in relation to the Settlement.

If the Court approves the Settlement, the parties to the Action will ask the Court to enter an Order and Final Judgment (defined in the Notice) dismissing the Complaint with prejudice on the merits. You may review copies of the Stipulation, Preliminary Approval Order, and other pertinent documents on the Court Documents page.

The information currently contained on this website is only a summary.
You may download a full copy of the Notice by clicking here for additional details.

YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT:

CLAIM FILING DEADLINE
JULY 14, 2021

The only way to be eligible to receive a payment from the Settlement Fund. Your Claim Forms must be postmarked on or before July 14th, 2021 to be eligible for a payment from the Settlement. To print a copy of the Claim Form please click here.

EXCLUSION DEADLINE
JULY 14, 2021

You may choose to be excluded from the provisions of the Settlement relating to the Past Rent Claims. If you choose to be excluded in this way (“opt out”), you will not receive any cash payment as a result of this Settlement and you may seek damages by bringing an independent action or proceeding on your own behalf.

Each Class Member will be bound by all provisions of the Stipulation and the Settlement, whether favorable or unfavorable, unless such person mails, by First-Class Mail, a written request for exclusion from the Class, postmarked no later than July 14, 2021 (the “Bar Date”).

OBJECT TO THE SETTLEMENT
JULY 14, 2021

You have the right to appear in person or through an attorney in Court at the Settlement Hearing and object to the proposed Settlement, or to otherwise be heard at the Settlement Hearing. You may present any evidence or argument that may be proper and relevant. However, to do so, you must, by no later than July 14, 2021, file with the Clerk of Court and serve notice of your intent to appear by hand or by First-Class Mail, postage prepaid, upon counsel for the parties. For further instructions please read the Notice.

SETTLEMENT HEARING
SEPTEMEBER 17, 2021

The “Settlement Hearing” will be held before the Honorable Justice Phillip Hom on the 17th day of September in the year 2021.

DO NOTHING

If you are a member of the Settlement Class and you do not submit a valid Claim Form, you will not be eligible to receive any payment from the Settlement Fund. Class Members who do not timely file a Claim Form shall be deemed to have waived and released their Past Rent Claims and Past Overcharge Amounts but shall nonetheless remain subject to the applicable releases discussed below unless he, she, or it becomes an Opt-Out.


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