Judge: Housing Authority’s $1.2B Lead Hazard Deal ‘Not Fair And Reasonable’

Mealey's (November 15, 2018, 12:59 PM EST) -- NEW YORK — A federal judge in New York on Nov. 14 rejected a proposed lead hazard settlement between the U.S. government and the New York City Housing Authority (NYCHA) that called for $1.2 billion in funding to the NYCHA, as well as federal monitoring, concluding that the settlement “is not fair and reasonable” and would “disserve the public interest” (United States v. New York City Housing Authority, No. 18-5213, S.D. N.Y., 2018 U.S. Dist. LEXIS 194160)....