How would Sunterra's issues have taken down DRI, when DRI's approach is to make sure the owners pay for the sins of the past? That lawsuit has some very damning allegations that are very difficult to morally defend if true.
IMHO, Suntera had woefully underfunded cash reserves and had created a culture of irresponsibly low MF's, which always makes owners happy. But, Suntera went bankrupt and was taken over. Whomever the new management company was going to be, they were going to be unpopular or, they'd suffer the same fate as Suntera. They were going to have to increase MF's at an accelerated pace and, they were going to have to make some major and costly repairs at some of the resorts. There was also a culture within the employee's that would need to be turned around.
When you increase MF's and/or hit owners with SA's, there can be a revolt. You're likely to see high deliquencies with MF's and you're going to take some major hits with PR. There's also the cost factor involved in making necessary repairs when there's not enough cash reserves available.
Poor PR, deliquint payments and high costs are a perfect storm to take down any company. Why do you think DRI was the only suiter for Suntera? Suntera was no plum waiting to be picked. No one else appears to have wanted to take them over from a timeshare management standpoint. If you ask me, management is where the money is in the timeshare industry. When no one wants to take over a large management contract such as Suntera, that should shout volumes about how bad things really were.
Unfortunately, DRI is more or less the messenger. The contracts set up by Suntera gave Suntera all control and now gives DRI all control. Maybe I'm wrong but, much like the RCI class action law suit, I think we'll see the same thing here. Contracts are legal and there will be little to no satisfaction for the owners.
BTW, everyone does realize that ALL other timeshares are set up essentially the same way right? It's NOT just DRI that could be accused of the same things as in this class action. You could say the same for Marriott, HGVC, DVC, Starwood et......Should this class action succeed, there could be a lot of things change, including making it so that no major management company wants anything to do with timeshares. It could spell the end of timesharing as we know it. Whether that's a good or bad thing is a matter of opinion. In my mind, it's probably not a good thing as owners typically show very little interest in running their timeshare other than, "why's my MF so high?"