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No New Filings in Court Case and Both Sides Still Silent (by Jeffrey W.):
I have been in touch with Manhattan Club participants for many months but have to report that they are doing a good job, at this point, of releasing NOTHING about the status of the case. The AG's office continues to say that it will not make Schneiderman available for an interview and they have now taken 3 weeks, and counting, to answer one important question: are third party resales of Manhattan Club intervals precluded, or blocked, (in effect) by the July 2014 ban on sales and transfers by the club? This is a serious practical question for RedWeek readers and owners who cannot sell their Manhattan Club units, even if they try. That's because the club, even while precluded from selling timeshares, has the right to match and purchase any third party offer. TMC also charges a $1000 transfer fee to "approve" a third party resale. These are passive roles but still put the club in the middle of the paperwork on any pending transactions. In any case, the AG has not provided clarity on this issue, so RedWeek will continue to pester his press office about it until they clear the air.