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Re: Manhattan Club Lawsuit (by Gail J.):

Chris - there is no way any logical person could think that the settlement was an equitable one that also carried punishing effects on the crooked Eichner regime. With all the time and money spent, what a slap in the face that settlement was. Perhaps many who read the posts here didn't follow the investigation. I read that Eichner was pocketing over $6,000,000 per year for a number of years and had NO employees doing any kind of "management" for the owners. And yet, we are supposed to be thrilled that the settlement was for a little over $6,000,000. The money he basically stole each year is money that could have gone into the HOA coffers to help offset the obscene maintenance fees increases. I, like you and many others sent information and letters both to the Judge and to the Assistants Attorney Generals assigned to the case. One day I spent 2 hours on the phone with one of the initial A. G. attorneys who had tracked me down and recorded our conversation. So, I too am baffled at why the A. G. thinks he did such a swell job in pursuing this criminal enterprise and obtaining justice. I certainly think he could have used the threat of jail time to arrive at a fairer settlement. But, it is what it is. Now I'm confused as to just who will be obtaining money under the settlement. My reading of the agreement is that not all owners will benefit - what is your take on that? I certainly wish that those of us who supplied the information and continued to press for a fair resolution will be the primary beneficiaries but then who knows????