Manhattan Club Lawsuit

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Original Message:

Manhattan Club Lawsuit (by Craig R.):

Gail,

I am not sure you are right. I think the developer owns the building.

I think what we own is the right to use a cube of space for one week each year forever.

However, we were still cheated, and it continues. I was told that the owners would eventually have control of the Owners Association after a finite number of deeds like ours were sold.

They lied, and the developer's financial strategy is to deny the owners from ever having a say in the selection of the management contract and no say in who gets paid or how much.

To me, THAT is the primary fraud, and that is why I joined the Zimmerman (JMZ)lawsuit in order to obtain what we were promised.

As an aside, I think that JMZ will be successful, especially after the AG settlement, but I think it will take a while because of the clear strategy that Eichner's attorneys are pursuing: delay, obstruct, and at the last minute, cut a deal. They know they would never win in a jury trial.