Settlement Structure: Claims Made
Active: Closed
Closed Settlement Statement:
According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.
Case Summary:Marina Towers Associates, LP is on track to spend a total $42,000,000 to settle a class action about defects of apartments in the six buildings of its Gateway Plaza on South End Avenue in New York. The complaint alleged that residents could not properly heat or cool their apartments and had to use excessive amounts of electricity to try to do so. Other complaints included structural deterioration, fungal growth, and excessive condensation on windows. Marina Towers has already spent $18-20 million on improvements, which is considered to be part of the settlement, along with $13 million in rent increase limitations and $10,000,000 in cash.
Docket Number:Index No. 651023/2014
Company: Marina Towers Associates LP
Filing Deadline: April 16, 2020
Class Period: April 1, 2008
Objection Deadline: January 31, 2020
Exclusion Deadline: January 31, 2020
Final Approval Hearing: March 2, 2020
Proof of Purchase:You must provide the address and number for the apartment(s) in which you lived during the period covered by this settlement. Presumably company records will be used for verification.
Eligibility:You may be eligible if you live at Gateway Plaza on the date on which the settlement becomes final, or if you do not live there on that date but lived there at any period between April 1, 2008 and the date on which the settlement becomes final.
Typical Settlement Amount:Three benefits: (1) improvements already made to apartments, (2) a cap on rent increases for leases entered into between July 1, 2020 and June 30, 2022, and (3) cash distribution from the net settlement fund. For more details, see the Notice at https://www.gatewayplazasettlement.com/Content/Documents/Notice.pdf.
Total Settlement Amount: $42,000,000, including $10,000,000 cash
Class Representative Proposed Incentive Fee:$5,000
Law Firms:
Newman Ferrara
Safirstein Metcalf LLP
Sanford Heisler Sharp LLP
Claim Form: Gateway Plaza Residents Settlement Claim Form
Case Name: In re Gateway Plaza Residents Litigation
Settlement Website: Gateway Plaza Residents Settlement Website
Claims Administrator:
Epiq Class Action & Claims Solutions, Inc.
Gateway Plaza Settlement
Claims Administrator – Epiq
P.O. Box 4098
Portland, OR 97208-4098
claims@GatewayPlazaSettlement.com
1-855-648-7655
