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Re: Diamond Resorts reduces owner benefits again!

As I understand, COPP originally engaged the law firm for the suit. However, COPP was NOT the plaintiff in the suit. COPP only learned of the settlement AFTER it was reached. There did not seem to be any question as to whether or not there was damage to the resort. There would have been inspections made on behalf of the plaintiffs by the law firm. As there was no mention nor any revision in the suit with regard to fraud in the damage assessment, I feel confident that the damage was substantiated. The suit also sought to remedy the enormous upfront fees on the water intrusion assessment. The settlement did get the amount due for the next two years reduced. In years 4 and 5 the funds are now going to be collected ONLY as necessitated by the final phase of the project. If the project is on or under budget, the funds collected will be reduced. Also, if you read the settlement agreement, there is NOTHING in it that precludes fraud litigation. It even says right in the agreement!