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Manhattan Club Lawsuit (by Chris V.):

it might not be prudent, at this time, to consider giving away your mc deed/share. think about awaiting the results of the NYSAG's lawsuit before your make such a financially drastic move. it might prove to be to your and all of our financial benefit to do so. think of it this way: you're going to give some attorney a fee to delete (for want of a better word) your mc deed from your financial portfolio. you're literally paying someone to say you no longer own a piece of extremely valuable nyc property, a prime one, top-of-the-line, at that....my opinion: NOT A GOOD IDEA AT THIS TIME, unless you're in such a financial bind (i hope not!) that you absolutely can't keep this valuable asset.

at the conclusion of the AG's law suit, the results may or may not be in the shareowners' favor................then would be the opportune time to make such a financial decision about mc deed ownership.

just a piece of hopefully sound advice from an owner with absolutely no legal expertise...........just a bit of a wait-and-see attitude.

keep in touch.

chrisv126

sybila4 wrote:

Yes - Not sure what the fee is. I am hoping someone out there has checked and can let us know.