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Marriott Vacations Worldwide Corporation Investigated by the Portnoy Law Firm

So they're suing because MVC reported they were doing poorly so the market reacted? It'd be one thing if they alleged some sort of pump and dump or insiders shorting the stock or something, but this just seems like Portnoy is mad that MVC didn't have a good quarter and IDK didn't lie about it in the investor calls?
 
So they're suing because MVC reported they were doing poorly so the market reacted? It'd be one thing if they alleged some sort of pump and dump or insiders shorting the stock or something, but this just seems like Portnoy is mad that MVC didn't have a good quarter and IDK didn't lie about it in the investor calls?
While I like MVC resorts for the most part, I am not necessarily a fan of MVC Corporate and a lot of how they run things. I also am NOT a lawyer. However, without further detail it seems kinda shaky to be claiming securities fraud simply because corporate sucked at their jobs and as a result the company had poor financial performance, disclosed it as they are supposed to do, and the markets reacted to that disclosure in a reasonable manner.
 
So they're suing because MVC reported they were doing poorly so the market reacted? It'd be one thing if they alleged some sort of pump and dump or insiders shorting the stock or something, but this just seems like Portnoy is mad that MVC didn't have a good quarter and IDK didn't lie about it in the investor calls?
No, every public company gets these "press releases" by law firms trolling for an investor lawsuit. Practically every day. This has nothing to do with Marriott or its practices, and certainly nothing to do with timeshare.

"Attorney advertising. Prior results do not guarantee similar outcomes."
 
Upon first seeing the thread's headline, I thought, "Finally! Someone's going after major players in the timeshare industry on behalf of defrauded owners!

But nope, that's not what's going on here.

There are law firms whose sole purpose in life is to await a public company's announcement of quarterly (or annual) results. If those results, or their forecast for the future, may have been disappointing so that share prices decline, lawsuit! The lawsuit would allege their malfeasance and/or negligence in some way.

So those law firms are not concerned about timeshare consumers. Theoretically, the aggrieved plaintiff shareholders might have even preferred that the company defraud MORE timeshare consumers and for greater amounts of money!
 
I am not a finance expert, nor one who has any knowledge of the laws that publicly traded companies are subject to, so I can’t evaluate the merits of this potential case against MVW. Nor, for that matter, do I know anything about the Portnoy Law Firm, other than they have the appearance to me of being a “bottom-feeder,” and to using Press Releases to (1) test the waters for potential litigation, and (2) promote themselves. Hell, they could not even spell Marriott, correctly. Having said that, I am highly suspect that “something” happened at the very top of Marriott Vacations Worldwide; that “something” leading to MVW’s financial demise, a critical appraisal of MVW by Wall Street, a “cleaning house” of MVW’s senior most leadership, a “product problem” with MVW’s product, that I don’t entirely understand, and (for me) a degree of suspect that SEC rules and regulations may have been violated by MVW. In so far, I believe a critical analysis of MVW’s Financial House is in order, and I welcome that by qualified, independent and regulatory law and accounting firms, and Federal agencies. Whether or not Portnoy Law Firm is up to that task, and has the requisite expertise, skill, personnel, and history, I do not know. Finally, I do believe this case is worth paying attention to, as the rooster may have been let out of the barn.
 
I am not a finance expert, nor one who has any knowledge of the laws that publicly traded companies are subject to, so I can’t evaluate the merits of this potential case against MVW. Nor, for that matter, do I know anything about the Portnoy Law Firm, other than they have the appearance to me of being a “bottom-feeder,” and to using Press Releases to (1) test the waters for potential litigation, and (2) promote themselves. Hell, they could not even spell Marriott, correctly. Having said that, I am highly suspect that “something” happened at the very top of Marriott Vacations Worldwide; that “something” leading to MVW’s financial demise, a critical appraisal of MVW by Wall Street, a “cleaning house” of MVW’s senior most leadership, a “product problem” with MVW’s product, that I don’t entirely understand, and (for me) a degree of suspect that SEC rules and regulations may have been violated by MVW. In so far, I believe a critical analysis of MVW’s Financial House is in order, and I welcome that by qualified, independent and regulatory law and accounting firms, and Federal agencies. Whether or not Portnoy Law Firm is up to that task, and has the requisite expertise, skill, personnel, and history, I do not know. Finally, I do believe this case is worth paying attention to, as the rooster may have been let out of the barn.
Based on what has been posted there is no "case," just an advertisement.
 
Upon first seeing the thread's headline, I thought, "Finally! Someone's going after major players in the timeshare industry on behalf of defrauded owners!
Actually aren't they going after MVC because they aren't sleazy enough?
 
I admit, I only clicked into this thread because I wanted to know what Portnoy's Complaint was.

(Yes, I'm referencing a book published in 1969. I'm that old. 😁)
I thought perhaps they might be doing a one bite pizza review at each of the different Pizza Cucina restaurants at the different resorts.
 
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