New York Attorney General Letitia James today secured relief for homeowners at the 441 West 37th Street Condominium in Hudson Yards, Manhattan, after an Office of the Attorney General investigation found that a private equity firm failed to fulfill its legal responsibilities after taking control of the building’s condominium sponsor.

"Private equity firms do not get to pick and choose which laws apply to them. When this company took control of a Manhattan condo building, it took on real legal responsibilities to the homeowners who lived there. For two years, SME Capital dodged those duties while still collecting rent checks. My office will keep holding these firms accountable when they put profits over of New Yorkers’ safety." – AG James