Results tagged “decision”

Yesterday the state's highest court ruled that it was illegal for Tishman Speyer to raise rents at Stuyvesant Town and Peter Cooper Village beyond certain set levels while also receiving tax breaks from the city for major renovations. Now landlords are afraid the ruling will impact their ability to flip rent-regulated apartments into luxury units. Ed Kalikow, whose family owns 2,000 apartments in town, tells the Times, "It's terrible for the industry. A lot of people bought property with the thought that they would get the rents up. People made decisions on that. Banks made loans. This decision is another nail in the coffin." There is not a violin on Earth tiny enough to play at that funeral!

In a decision that could have major repercussions for landlords of rent-controlled buildings citywide, the state’s highest court has ruled this morning that owners of the sprawling Stuyvesant Town and Peter Cooper Village complexes in Manhattan improperly charged market-rate rents on thousands of apartments. In what is probably the final deathblow for Tishman Speyer's ownership of Stuy Town, the Court of Appeals ruled that the owners should not have raised rents beyond certain set levels while also receiving tax breaks from the city for major renovations.

They bought it! At a closed-door hearing yesterday in front of a committee comprised of union actors and producers' reps, Jeremy Piven was able to convince his fellow thespians that he had no choice but to quit Speed-the-Plow last December because of dangerously high mercury levels. The five actors on the panel all sided with the Runaway Jury star, while the five members of the Broadway league agreed with the show's producers, who say Piven faked mercury poisoning because he was bored and wanted to get back to sunny L.A.

A federal judge awarded $4.6 million in back pay and damages on Monday to 36 delivery workers at two Saigon Grill restaurants in Manhattan. The decision is the culmination of over a year of boycotts and vocal protests from the mostly-Chinese immigrant workers, who were fed up with their abysmal work conditions. With the help of Justice Will Be Served and a law firm working pro-bono, they sued the owner of the popular Vietnamese restaurant, one Simon Nget, a Cambodian refugee who built his business from scratch.

Who knew the word "plaza" would come to be so coveted? After a three week trial, a jury has ruled that the low-budget downtown Vegas Plaza Hotel and Casino has not adequately protected its trademark, clearing the way for the El-Ad Group, the owners of the Plaza Hotel in New York, to build a $5 billion, seven-tower, 6,700-unit "Plaza Hotel and Casino" on the Strip. The jury ruled that the Vegas Plaza had simply gone by too many names over the years, including the Union Plaza and Jackie Gaughan’s Plaza Downtown. A lawyer for the Vegas owners tells the Times, "We’re somewhat stunned and in disbelief." And with good reason; is El-Ad seriously going to roll the dice on a multi-billion dollar hotel resort hotel development at this particular time?

A judge has finally ruled on a long-simmering dispute between a restaurant and its deliverymen. Last March deliverymen at the popular Vietnamese restaurant Saigon Grill, which has locations in Greenwich Village and on the Upper West Side, demanded a raise from owners Simon and Michelle Nget. The deliverymen reasoned that since the chain was pulling in more than $2 million a month, they ought to earn more than $120 for a 75-hour week.