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City landlords and Rent Stabilization Association sue to block state eviction moratorium
Buck Ennis
Small property owners in the city are challenging the constitutionality of the state’s current ban on foreclosures and evictions, which they called “downright unconscionable” in a lawsuit filed in New York Southern District Court on Thursday.
The Rent Stabilization Association, which represents more than 25,000 landlords of rent-stabilized apartments, as well as a handful of individual owners, are seeking to block state authorities from implementing and enforcing the moratorium and to declare it unconstitutional.
The Covid-19 Emergency Eviction and Foreclosure Prevention Act of 2020 was originally set to expire in April, but Gov. Andrew Cuomo announced a four-month extension through Aug. 31 on Wednesday in a major blow to the city’s landlords.
Ripple and Moneygram (NASDAQ:MGI)are going their separate ways according to SEC filling. The SEC lawsuit has apparently weighed too heavily on the strategic partnership.
Is Ripple a digital security? In the eyes of the US Securities and Exchange Commission, there is no question about that. Therefore, the authority has indicted the Californian FinTech Ripple Labs as well as CEO Brad Garlinghouse and co-founder Chris Larsen for violating the US securities law.
The matter is now in the New York South District Court (SDNY). It is becoming increasingly unlikely that an out-of-court settlement can still be reached. What is already certain: The partnership between Ripple and the international money transfer service provider MoneyGram is history.