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Re: Manhattan Club Lawsuit (by Nathan Z.):

Debra,

Either, Eichner et al created a $10 million a year conspiracy which the NYAG decided it would rather settle with than prosecute; or Eichner's lawyers outmaneuvered the AG in structuring the Manhattan Club and its interlocking functionalities and then negotiating his exit; or perhaps the forensic accounting leaves out more than a few organizational details and legalities in an effort to simplify the cash flow and throw all the blame on the developer. Mostly, owners let themselves get sold a dream that turned into an expensive nightmare. Since then timeshare market has mostly collapsed and with it all those dreams. Thirty years in, maintenance is getting expensive. Why is that such a surprise?

So what are you going to do now? We - that means all of us - have to get past this bitterness - and make the MC structure more owner-friendly! I hear there is a lawyer working on that.... and elections coming up.