- Joined
- Jul 4, 2007
- Messages
- 17,461
- Reaction score
- 7,277
- Points
- 948
- Resorts Owned
- HGVC & GTS
In 2012, I posted: "The HOA Boards of Gatlinburg Town Square & Mountain Meadows terminated their contracts with Summer Bay and hired a new manager, without notice to either owners or Summer Bay." -- The Court ultimately ruled that Summer Bay held a legally enforceable perpetual contract.
But the story did not end there. Federal class action lawsuits ensued, with the the last one brought by owners against both the HOA boards and Summer Bay. Today, this notice of a settlement came in the mail:
Owners from 2009-2012 will get three free nights (EOY owners get two), to be used in the next two years. Summer Bay will give up one-seat on each board.
Plaintiff's attorneys (the real winners) will get $220,000, of which $210,000 comes from Summer Bay and $10,000 from the boards. Of course, this is chump change to Summer Bay, which stays in control of the resorts.
.
But the story did not end there. Federal class action lawsuits ensued, with the the last one brought by owners against both the HOA boards and Summer Bay. Today, this notice of a settlement came in the mail:
Owners from 2009-2012 will get three free nights (EOY owners get two), to be used in the next two years. Summer Bay will give up one-seat on each board.
Plaintiff's attorneys (the real winners) will get $220,000, of which $210,000 comes from Summer Bay and $10,000 from the boards. Of course, this is chump change to Summer Bay, which stays in control of the resorts.
.