SCOTUS Won't Hear Landlords' HSTPA Challenge
LVT Number: #33472
On Nov. 12, 2024, the U.S. Supreme Court denied a petition for certiorari by a group of New York property owners who had asked the Court to review a federal court denial of the owners’ challenge to certain provisions of the HSTPA. Owners claimed that New York’s rent stabilization laws, and in particular its restrictions on owner reclamation and condo/co-op conversions, violated the Takings Clause of the Constitution’s Fifth Amendment. The Court's decision not to review the lower court's ruling was issued without an opinion from the Court.
G-Max Mgmt. v. State of New York: Index No. 20-cv-00634 (SDNY), Index No. 21-2448 (2d Cir., 3/12/24), Dckt No. 23-1148 (USSC)