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Original Message:
Re: Manhattan Club Lawsuit (by Beryl A.):
It is my understanding that a Class Action Suit is of no value until the Fraud case brought by the AG, see press release back in July 2014, has been settled. If the judge decides that a "Fraud" has been committed then we have a case and if she says that they have not committed a fraud them we have no case. Is this correct? Does anyone know when will there be a decision from the Judge? I gather from the ag,ny.gov web site that the hearing is over.
Initial press -release http://www.ag.ny.gov/press-release/ag-schneiderman-announces-court-order-barring-sales-manhattan-club-timeshare-hotel
July 25, 2014 A.G. Schneiderman Announces Court Order Barring Sales In Manhattan Club Timeshare Hotel Order Temporarily Bars Developers From Selling Interests In The Timeshare Pending Fraud Investigation; Freezes Assets And Bars Targets From Foreclosing On Defrauded Purchasers Schneiderman: Purchasers Duped Into Paying Tens Of Thousands Of Dollars To Become Owners; Later Denied Benefits Of Ownership In Alleged Bait-And-Switch Scam.
Beryl