Does Rent Stabilization Law section 26-516, which entitles tenants to treble damages for most rent overcharges, constitute a “penalty” within the meaning of CPLR 901(b), which provides that, subject to an exception, no action to recover a penalty may be maintained as a class action?
Court of Appeals Authorizes Class Action to Recover Rent Overcharges
Does Rent Stabilization Law section 26-516, which entitles tenants to treble damages for most rent overcharges, constitute a "penalty" within the meaning of CPLR 901(b)? The Court of Appeals recently addressed that question.
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