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Class Action Against Diamond Resorts? (by Irene P.):

I have answer this so many times. You can't initiate a class action against Diamond. They have a class action ban written in their contract forcing arbitration. Unlike a judge, paid for by taxpayers, Diamond pays the arbitrators $400 to $800 an hour day after day. They only see you once. You lose and you pay Diamond's arbitration fees. Only those who opt out of arbitration within 30 days of signing a contract can opt out of arbitration. Rarely does anyone do this. In a trial I attended, Diamond sued a dentist for $176,000 because he lost in arbitration. If I remember correctly, $86,000 was arbitration fees. Richard Epstein, of Greenspoon Marder, the attorney for Diamond, said in court Diamond has only lost one arbitration case. Decisions are private and binding. For the dentist, they wiped the slate clean in exchange for testifying against an attorney. Diamond caved before the defense put on even one witness. We have a Facebook launched by an economics professor of about 3600 members. It's a lively Facebook.