05/08/2009 05:12 am ET Updated May 25, 2011

Tishman Speyer Victory: Can Appeal Stuy Town Rent Ruling

Tishman Speyer Properties won a huge victory Monday when it was granted the right to appeal a decision that found it had been illegally deregulating rents at Stuyvesant Town and Peter Cooper Village.

Monday's decision means Tishman Speyer will take the closely watched case to the New York State Court of Appeals with the hope of reversing a ruling that would have cost it and other landlords hundreds of millions of dollars.

Read more on Crain's New York Business