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Re: Manhattan Club Lawsuit (by John L.):

According to ammendment disclosures, 1/3 of TMC rooms are held for exclusive use by TMC management. So it then follows that there are really only about 188 available rooms in the Timeshare pool. Accordingly, the top limit of timeshare units sold should be based this lower number, not 286. If this is the case, it makes the point-of-sale misrepresentation even more egregious.

Furthermore If criminal charges are proven, it is my understanding that Judiciary has options that include punishment with imprisonment, fines and/or required reimbursement to investors even without them bringing civil action. If in the "discovery phase" there is an abundance of credible evidence establishing guilt, the more frequent outcome is some kind of settlement. Stay tuned.

dennisc283 wrote:

I believe that effort fell apart. Partially because some of the info presented be the group of owners involved was not technically correct. For example, they used the assumption that the number of init-days was the 286 units multiplied by 365. TMC lawyers showed that some ownerships were not EVERY year so the basic assumption about 'overselling' was not correct. The also showed records that some of the complainants were not current on fees when they attempted to book time....so it was a weak case, with flaws in math , and less than perfect representative owners.