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Re: Manhattan Club Lawsuit (by Dks):

deborahs528 wrote:

drusillam2 wrote:

It seems it is business as usual with Eichner still controlling everything. Wish the AG had sent in an independent administrator until sponsors sell the thing. The MC ads on Booking.com and other sites are very prevalent, and yet we owners are told there is no availability for a given date. Yet we can go on line and book a room for far less than 1/7 of our annual maintenance fee. Doesn't seem to be at all fair. The AG settlement has done nothing for TMC owners

Yes, I don't get it, as I recall the settlement stated Eichner and his crew had to give up the reins to TMC and were forbidden to have any dealings whatsoever in the time share business going forward. I can't make the meeting, don't live nearby, but I hope this question is addressed and answered.

One again, here are the settlement terms in a nutshell, copied from the NYAG's website. I guess they would have to sell the place to another owner first. Are they allowed to stay on until then??

The owners and operators in this case are T. Park Central LLC, O. Park Central LLC, Park Central Management, LLC, Ian Bruce Eichner, Leslie H. Eichner, Stuart P. Eichner, Scott L. Lager, Hospitality Advisors, LLC, New York Urban Ownership Management, LLC, and Manhattan Club Marketing Group LLC.

In addition to the $6.5 million restitution to eligible timeshare owners, the settlement requires:

The owners and operators to be barred from the timeshare industry The owners and operators will sell their stakes to a third-party purchaser and relinquish management control Remove all sponsor-appointed current officers and directors from their positions as members of the Board of the Timeshare Association. Eligible timeshare owners will be contacted by a Claims Administrator at a later date about disbursement of the restitution.