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

Also, Diamond is not a public company. They were taken private by Apollo in 2016 who bought them. Apollo is the former Drexel Burnham Lambert junk bond kings who filed bankruptcy on a $650,000 million fine and Michael Milken went to jail for securities fraud. A Junk Bond, like a subprime mortgage, had some value, but a timeshare contract is worth nothing. The tiger didn't change his stripes, just his diet. They were supposed to launch an IPO last July, but it's kinda hard when you have the highest loan loss provision in the industry among all major timeshare companies, according to a timeshare insider and they have just been downgraded to triple C one step above default.

https://www.ademcetinkaya.com/2019/04/diamond-resorts-international-inc.html?fbclid=IwAR04rgAXREgcNWIP-jqp6KlvlWpMigwd6ffeTK-hO7vA6CuBMbLzWSQJr8o