Owners Action report that a class action lawsuit filed on behalf of RCI Points members is moving towards a possible settlement.
The announcement was made in a US magazine: “A settlement agreement has been signed and a hearing is scheduled. At the hearing, the court will decide if it should give preliminary approval to the settlement agreement. If the settlement gets preliminary approval, notices will be sent out to all RCI Points members with the terms of the settlement and information about a “fairness hearing” at which Points members can express their support or opposition to the proposed settlement, or submit comments to the court in writing. Attorneys representing other Points members from California in a similar, more recently filed, lawsuit are trying to consolidate the two lawsuits and have the court disapprove the settlement agreement. Additional information about the terms of the settlement agreement will be in the Jan/Feb issue of TimeSharing Today”.
Owners Action are a firm of specialist consultants who deal with disputes within the timeshare industry.
Owners Action have been appointed as European marketing agents by International Timeshare Refund Action (ITRA) to generate and promote consumer awareness regarding a proposed Group Litigation against RCI Europe and others.
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