Manhattan Club Lawsuit

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Original Message:

Re: Manhattan Club Lawsuit (by Fibo N.):

I would add agree with craig32 that the MC is currently controlled by Urban/Eichner and the mixed Board.

Concerning the management contract Par.62 in the Assurance says that only after 3 years Urban will transfer to Bluegreen the Management Agreement ("TMC transfer). For the purpose of transfer O and T Parks have to enter into an agreement with the THIRD party to transfer interests from the MC existing owners to the TMC Purchaser (Bluegreen) ALL their timeshare interests.

Under the transfer the TMC employees shall not engage in any act directly or indirectly relating to the offer, purchase, sale, exchange or transfer, etc. of any timeshare interest (Par.61).

And, to the best part, Section Miscellaneous, par. 71 - 86, clearly state that any evidence of a violation of the Assurance shall constitute "prima facie" proof of violation and if any of the Defendants have breached the settlement they will be prosecuted by OAG.