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BRIEF-Stuyvesant Town tenants reach settlement in class-action lawsuit -- lawyer
November 29, 2012 / 9:51 PM / in 5 years

BRIEF-Stuyvesant Town tenants reach settlement in class-action lawsuit -- lawyer

Nov 29 (Reuters) - Metlife Inc : * Stuyvesant town/peter cooper village tenants in class-action lawsuit and

cwcapital and Metlife reach preliminary $146.85 million settlement -- lawyer * Cmbs bondholders that cwcapital represents and Metlife to pay tenants in suit

$68.75 million - lawyer * Bondholder’s share to be $58.25 million, Metlife Inc $10.5 million * Cwcapital also agrees to waive right to reclaim $78.1 million lower rents

charged since late 2009 * Cwcapital also agrees to waive right to reclaim $78.1 million lower rents

charged since late 2009 - source * A final settlement, including deadline for appeal, is expected to take

another 18 months

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