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Stock impact report

Queens apartments deteriorating after building managers were arrested, tenants say [CBS News]

National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG) 
US:NYSE Investor Relations: investors.nationalgrid.com
Company Research Source: CBS News
With ceilings crumbling and utilities failing, residents are looking to the courts to intervene. Tenants suing corporate landlord The city Department of Housing Preservation and Development told CBS News New York it has issued more than 500 violations at Hayes Court, billing upwards of $200,000 in penalties and fees. Without routine maintenance, neighbors say they are relying on emergency calls to the FDNY and HPD. One of those calls was about water pouring from a collapsed ceiling on Feb. 2. Multiple tenants say they have resorted to a rent strike, and tenants are suing corporate landlord HCEC Equities over lack of repairs and tenant harassment. Attorney Lino Diaz of Communities Resist, who is representing the tenants in their effort to remove HCEC as landlord, said they first brought litigation back in 2023. "We're still actually dealing with that litigation," Diaz said. Tom Pruzan, attorney for HCEC, told CBS News New York in an email: "There is a new mgmt at HCEC Show less Read more
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