Support for LAist comes from
Become a sponsor
Made of L.A.
Donate
Stay Connected

LAist is part of Southern California Public Radio, a member-supported public media network. For the latest national news from NPR and our live radio broadcast, visit LAist.com/radio

Keep up with our local independent news

The Top 5 newsletter catches you up with LA’s top 5 stories in just 3 minutes.
Donate

Share This

This is an archival story that predates current editorial management.

This archival content was written, edited, and published prior to LAist's acquisition by its current owner, Southern California Public Radio ("SCPR"). Content, such as language choice and subject matter, in archival articles therefore may not align with SCPR's current editorial standards. To learn more about those standards and why we make this distinction, please click here.

News

Tables Turned: Landlord Pays Tenants $10 Million

By  Zach Behrens
Published Mar 4, 2008 11:00 PM
Our June member drive is live: protect this resource!
Right now, we need your help during our short June member drive to keep the local news you read here every day going. This has been a challenging year, but with your help, we can get one step closer to closing our budget gap. Today, put a dollar value on the trustworthy reporting you rely on all year long. We can't hold those in power accountable and uplift voices from the community without your partnership.

Photo by ChazWags via Flickr

He already served a month of jail time when he was convicted last Spring, but today, sleazy wannabe slumlord Darren Stern, who also goes by Henry Shalom, was ordered to pay millions back to rent-control tenants that he mistreated in order to get them to move out so he could raise rents, eventually selling the buildings at "inflated" prices, according to CBS2.

The money will be split and given back to tenants of more than 800 units from various neighborhoods including Los Feliz, Hollywood, North Hollywood, East Los Angeles and Panorama City. Stern's company, Landmark Equity Management, will also not be allowed to purchase any rental units in Los Angeles until four and a half years from now. Score one for the little guy!

Support for LAist comes from
Become a sponsor

Previously on LAist
-- Britney Spears' $35,000 Rent
-- State Law Proposed to Ban Smoking in Apartments
-- Rent Control Could Come to an End in California

Most Read
Best of LAist