Manhattan Club Lawsuit

Those who want to get out should do so, obviously at a substantial loss. Those who want to made whole, good luck. It isn't happening.

hi, Yes, I am interested in the class action lawsuit. Please send me the information. Thank you, Marie Greenberg

I am very interested in the class action lawsuit as well. Please send me the info on who I need to contact, etc. Thank You, Stephanie Noseda

Are there any board members following this discussion forum?

There is no class action law suit in progress.

marieg2 wrote:

hi, Yes, I am interested in the class action lawsuit. Please send me the information. Thank you, Marie Greenberg

No class action law suit has been allowed by the court yet.

stephanien20 wrote:

I am very interested in the class action lawsuit as well. Please send me the info on who I need to contact, etc. Thank You, Stephanie Noseda

To whom it may concern: class actions are not brought by plaintiffs, they are brought by lawyers; and they are brought after the lawyers calculate how much they are likely to recover, how long the case will take, and how much it will cost. It’s about economics, not justice.

Chris M - how did you get a copy of the Assurance of Discontinuance? I filed a FOIL request and haven’t been notified. Can you post it or it’s web address? Thanks!

hi chrism1243, meeting in nyc...............IF AND WHEN................i would urge you to attend. more news to follow. check my messages under crhisv126.

we need ideas for a possible counterproposal to a possible undesirable settlement. tune in.

chris

chrism1243 wrote:

I am having a Lawyer review the Assurance of Discontinuance from the AG’s office on behave of my father who has 2 units. I have read the agreement myself and see no way to get out of the contract. Maybe some small $ amount of compensation for unused nights between 2011 and 2014. If I hear different I will post here.

I to would be interested in joining an owners meeting, in NYC or online, to determine options.

Chris

hi marie,\\

POWER IN NUMBERS, I SEEK A FAIR SETTLEMENT, NOT A PITTANCE FOR THE MONIES I DROPPED AT TMC, I.E., PURCHASE PRICE AND CONTINUALLY, EXPONENTIALLY, EXORBITANTLY RISING MAINTENANCE FEES AND THE REST OF THE FRAUDULENT ACTIONS PERPETRATED BY EICHNER/TMC UPON US.

stay tuned.

chris

williamm465,

pls think positively and help us get ready for a counterproposal if a crappy one is presented to us. if you let it happen, and don't put up some kind of counter, then you simply accept and suffer the loss and whimper. come up with some creative ideas for a counterproposal for a possible unacceptable one from the so-called settlement.

williamm465 wrote:

Those who want to get out should do so, obviously at a substantial loss. Those who want to made whole, good luck. It isn't happening.

toddh134,

if you're referring to the board members while eichner was head of the motley crew, THEY'RE GONE BY COURT ORDER.

we need creative ideas as a counterproposal to a possibly unattractive settlement to make us financially whole after the TMC/EICHNER'S MASSACRE AND FRAUD-RIDDEN DUMPING ON ALL OF US OWNERS. HELP.

stay tuned to this forum..redweek.com

keep in touch

chris

dennis 283,

you're right: "There is no class action lawsuit in progress." what i am trying to do is to consider a class action counterproposal in the event of an unattractive financial settlement after the nysag vs tmc/eicher lawsuit. we need creative ideas in order to present a unified front to whoever it is that offers us a settlement if we deem it unworthy to make us owners financially whole after eichner's dumping fraud and scam-ridden financial actions upon us oiwners. YOUR IDEAS, PLEASE

keep in touch

dennisc283 wrote:

There is no class action law suit in progress.

marieg2 wrote:

hi, Yes, I am interested in the class action lawsuit. Please send me the information. Thank you, Marie Greenberg

Amen

Yes!

Thank You!

The "AOD" is up on the website of the NYAG. (https://ag.ny.gov/sites/default/files/manhattan-club-aod_0.pdf) It contains the details of the settlement, which according to my quick read, breaks it up over the next 2 years (50% now /25% in a year/25% in two years). The first payment is based on how many days in 2011, 2012, 2013 and 2014 paid-up owners were unable to use, and the final two payments are will be made to paid-up owners based on the proportion of their maintenance fees (for those who paid their maintenance fees) to the total maintenance fees charged. It's all in paragraph 69. So half of it has to do with compensation for loss of use and half of it for overcharges to owners who continued to pay their maintenance while others did not. There is nothing here for any other losses, real or imagined. Anyone who stopped paying their fees will not qualify for the settlement. But I'm not a lawyer, so perhaps Jeff can impose one more time on his legal consultant and ask him to interpret for us.

Just received an invoice from NYC for 2600 in maintenance fees. What are we supposed to do?

There is no good, or right answer. If you continue to enjoy the place you need to decide if you want to potentially jeopardize your 'good standing' during the pending changes in ownership & management. On the other hand, if you haven't been able to get time, and/or the fees are no longer affordable then ...

lizk109 wrote:

Just received an invoice from NYC for 2600 in maintenance fees. What are we supposed to do?

You have to make your own decision. Having said that, the MC sends out bills far in advance, so your bill is probably not due until Jan1, and even then you probably have a grace period. Next, $2600 is $371/night. It's no bargain, but not bad for a suite in Manhattan. So do you like the MC? Probably not right now. But if you would like the MC under new management, possibly with more reasonable fees, consider paying it at the last minute. But for now, just wait and see what develops. These maintenance fees were developed by the old regime. The settlement does not overturn contract law and we each signed on to pay maintenance fees. I suspect the "new" maintenance fees will be lower once a new management company is in place and fewer owners default on their annual obligations.