The Stuyvesant Town/Peter Cooper Village Tenants Association and four tenants are filing a class-action suit against developer Tishman Speyer for $10 million. The lawsuit claims that Tishman Speyer made "improper primary residence challenges" towards rent-stabilized tenants without probable cause. Since purchasing the complex for $5.4 billion, Tishman Speyer has been criticized for its attempts to transition rent-controlled units to market rate and is currently embroiled in the appeal of a court decision which ruled the company improperly deregulated units.