WBP
TUG Member
- Joined
- Jun 6, 2005
- Messages
- 662
- Reaction score
- 341
- Points
- 423
*The full cast of Defendants in this lawsuit include Diamond Resorts Intl., Inc; Diamond Resorts Holdings, LLC; Diamond Resorts Corporation; The Club Operating Company; Diamond Resorts U.S. Collection Development, LLC; Diamond Resorts U.S. Collection Members Association; Diamond Resorts Hawaii Collection Development LLC; and Diamond Resorts Hawaii Collection Members Association (collectively “Diamond” or “DRI”, Apollo Management VII L.P> and Apollo Global Management, LLC (collectively, “Apollo”, and Michael Flaskey and Kenneth Siegel (collectively “Individual Defendants”).DRI changed their name to Diamonds Resorts sometimes this year.
They dropped International from their name. The name Diamond International Resorts is extinct. DOES THAT CHANGE THIS LAWSUIT ?
"...the plaintiffs’ attorneys assert that Diamond salespeople – under Diamond’s leadership and training – sold the points as more than just a way of vacationing but as an investment that would appreciate in value due to continuing improvements made by the company in the quality and number of its resorts and hotel properties, the general appreciation of real estate in the future and the managerial skill with which Diamond operates the properties it holds in its Collections."
I wish the plaintiffs and their attorneys much success!
I was!,For all the lies and half truths we've been told, we have NEVER been told it's an investment that would appreciate.
I just read the full complaint. I don't know what most Tuggers would consider "reasonable" vacation expenditures, but these folks were talked into spending some real cash. Couple A: $165,000 Couple B: $300,000 and individual C: $175,000. They were indeed counseled that their points were an investment, and the value of the investment would go up. Who knows if this suit will succeed, but it sure won't foster warm and fuzzy feelings about Diamond Resorts.
.......Additionally always state that "all oral comments/promises made by the Sales Staff are hereby incorporated by reference as though fully set forth herein." On the written Contract you should add this comment right above your signature.
Brilliant!
If the Inmates can't be controlled by the Warden, the visitors might as well take the prison over.
I'd love to see the look on the salesperson's face, the Sales Manager's face, and the Contract Processor's face, when they discover that language added to the contract. What an absolutely brilliant way to exterminate the lying insects.
All Diamond Resorts members, that are also lawyers representing the plaintiffs, would benefit.If the law suit is a success...will all Diamond Resort members benefit? Every time we attend those mtgs., (must have big fat looser on my forehead)....now 50,000+ points, high maintenance fees......and only recently found this web site.......we wonder what the &*^&$%#@:_+ we did. I am new to this, but keep checking out what intelligent folks have to say...
Am I reading that wrong...Diamond members will not be in on law suit or is it : Diamond members & attorneys....everyone will benefit???Thank-you for info. I hope settlement is in my life time & even 50% of my money back would be good, but alas we shall see. Every day is another lesson to be learned, Think positive!