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Original Message:

Re: Manhattan Club Lawsuit (by Chris V.):

deirdrea6 wrote:
hi Irene,

We gave information about 3 years ago to the first lawsuit against MC (law firm name escapes me- Blaus, or something like that) Anyway, what should we do at this point as owners? I hate paying these upcoming maintenance fees! It seems to be going into a black hole. As I understand it, MC can't foreclose on owners or sell any more units, in this latest decision in July? If that is correct, (I'm sure I'm being too optimistic) and if they can't foreclose, would that mean that owners can just "walk" on their ownerships and not fear any severe penalties?

DEIDRE, currently, not paying your maintenance fees is not cause for foreclosure, as i understand the current conditions of the lawsuit. (NYS/NYC PROPERTY TAXES MUST BE PAID, REGARDLESS.) however,you don't have the legal right to "walk".....away from your share in the MC since you have a deed indicating your ownership. in addition, not paying your maintenance fees could be cause for your not being permitted to make reservations...............as i interpret the ground rules.

verify my above comments with someone who may be more knowledgeable about the legalities involved.

WE HAVE GOT TO WIN THIS CASE AND BRING EICHNER TO RIGHT HIS CONSCIENCE TOWARD US (HIS SHAREHOLDERS) AND FOR HIM TO GIVE US WHAT WE THOUGHT WE WERE BUYING FROM HIM.

keep in touch.

chris