Oct 20 (Reuters) - AvalonBay Communities Inc:
* Says settled New York City litigation with the U.S. Department of Justice
* Do not expect settlement will have a material impact to co's financial
condition-SEC filing
* Entered into consent decree which court approved on October 15, 2010 without
admitting or denying liability
* Consent decree contains terms, including a civil penalty and the
establishment of an aggrieved persons fund
* Settlement related to suit alleging avalon chrystie place was not built in
accordance with federal fair housing act
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Says settled New York City litigation with the U.S. Department of Justice
* Do not expect settlement will have a material impact to co's financial
condition-SEC filing
* Entered into consent decree which court approved on October 15, 2010 without
admitting or denying liability
* Consent decree contains terms, including a civil penalty and the
establishment of an aggrieved persons fund
* Settlement related to suit alleging avalon chrystie place was not built in
accordance with federal fair housing act
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.