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Re: Manhattan Club Lawsuit (by Chris V.):

craigr32 wrote:

While I agree that a class action lawsuit is a non-starter for many reasons, I think that with the number of TMC owners involved, the costs to an individual owner who elected to join a group to fund a lawsuit seeking specific relief, such as gaining control of the HOA Board, could be pretty reasonable.

I am not a lawyer, and I know discovery and depositions can get pretty expensive pretty fast, but if 5,000 owners (roughly 25%) put up $100, we would have $500,000, and I am guessing that would fund a lot.

hey craig, tell me where to send my $100 check (or is a credit card ok?).

keep in touch.

chris

ps: if this is a viable action (really) count me in.

on the other hand, not one of us owners has the has even slightest clue as to what the court will do, if anything, to recompense owners for financial losses, eg purchase price (of often unavailable reservation time) and ridiculously exorbitant raises of our maintenance fees. will we need a class action suit? will we be able to raise the (probably higher) $500,000 attorneys fees? will the court act in our behalf without a class action suit? who will take over TMC, and will it continue to be a timeshare? what will the actions of the new principals be concerning us individual owners be: buy us out (at current nyc market prices); permit us to keep our week(s) with much more reasonable maintenance fees? ..................no more questions. i rest my case. hopefully our reliable redweek reporter, jeff weir, will uncover insightful, reliable and hopefully encouraging news about how the court will react and/or how owners should proceed in order to recoup our collective financial and use losses.