What You Can Do Before November 20th, 2009
Camille,
Please allow me to be among the first to welcome you to Timeshare Users Group. You will gain tremendous insight about timesharing through interaction here and you will find that in time this website will serve you well by saving you and yours significant sums of money over time.
Thank you for searching out how you should respond before November 20, 2009.
If you were an RCI Weeks member at any time between January 1, 2000 and August 31, 2009 (even if you are not a member now), you are automatically a member of a class action lawsuit pending in the U. S. Federal Court in Trenton, New Jersey.
RCI is accused of removing highly desirable weeks that were deposited by members into the Spacebank, and RENTING them to the general public, often times at a price that is lower than what the owner pays in annual maintenance fees. RCI admits to doing this but claims it has the right to do so.
The attorneys who started the lawsuit in 2006 have made an agreement with RCI's attorneys to settle the case, but it must be approved by Judge Peter G. Sheridan at a "Fairness" Hearing to be held on November 30, 2009.
Submitting a Claim for one of the rather insignificant benefits being offered by RCI is your right as a member of the Class. The benefit is RCI's way of saying "we have done no wrong; but because you think we have done something wrong you can accept one of the benefits being offered."
Let me make this clear. As a member of the class you can file a claim for one of the benefits and ALSO Object to the proposed Settlement.
If you OBJECT to the proposed Settlement you ARE NOT excluding yourself from any Settlement "benefit" that RCI gives you as a member of the class.
If, at some point between November 2008 and April, 2009 you submitted a claim for one of the benefits you can still OBJECT to the Settlement between now and November 20, 2009.
If you have ever filed a claim for one of the benefits you can still Object to the proposed Settlement.
Unless you want to file a personal suit against RCI regarding their selling of deposited "Vacation Time" I humbly suggest that you NOT opt out! Opting Out is telling RCI that you reserve the right to file suit yourself and opting out prevents you from getting one of the benefits offered and most importantly opting out prevents you from Objecting to the Proposed settlement.
Camille, the proposed settlement is considered by many RCI Weeks members to be very unfair.
If you are a member of the class and do not like the proposed settlement, you are urged to send an objection letter to the Court.
It can be as simple as one sentence, for example you can simply say:
“I object to the terms of the proposed settlement.”
BUT, YOUR OBJECTION MUST BE Postmarked by November 20, 2009.
As TugBrian said earlier: For information about how to file an objection go to:
http://rciclassactionlawsuit.com/TUG_member_information_and_instructions_for_RCI_class_action_settlement.html Informational Instruction # 6)
WE DO NOT AS YET HAVE WHAT I CONSIDER A SIGNIFICANT NUMBER OF OBJECTORS. PLEASE DO NOT LEAVE IT UP TO THE OTHER GUY TO OBJECT FOR YOU. IF YOU DO NOT OBJECT WE MAY END UP WITH THE CURRENT SETTLEMENT WHICH WOULD BE A TERRIBLE OUTCOME!!
If a large number of objection letters are received by the Court, we are hopeful that the Court will either force a trial or force the parties back to the negotiating table. Either of those two options, I believe will be far more beneficial to class members.
Thanks again for inquiring.