Federal Judge Blocks NYC Bankruptcy Sale In Major Blow to Mamdani

deteriorate, while others fear the new owners could raise rents or further reduce oversight.

The battle over Pinnacle’s holdings became a flashpoint during the mayoral race, where Mamdani campaigned on preserving rent-subsidized housing and protecting low-income tenants.

The court defeat also adds political strain for Mamdani as he defends his choice continue reading …