RCI Lawsuit Settlement Agreement

[blueparrot]

Sounds like the lawyers sold their clients down the river to get a little cash for themselves. Shameful, but then who was the famous person who said the first thing that should be done is shoot all of the lawyers.

[x3skier]

Originally Posted by blueparrot

Sounds like the lawyers sold their clients down the river to get a little cash for themselves. Shameful, but then who was the famous person who said the first thing that should be done is shoot all of the lawyers.

Shakespeare who wrote "First, kill all the lawyers".

Anyone who believes a class action law suit does anything for the class is a dreamer. It may prevent some behavior in the future but it will definitely provide substantial profits to the lead law firm.

Cheers

[JLB]

Not much new here.

The new search system is much more open and revealing, as we have already discussed. But, it still isn't offering what we want when we want it. But, it always eventually does.

105 exchanges with our old dinosaur Weeks, and still getting them. Still getting good service when we need it, albeit after another employee has screwed thing up.

Sure, I'll take a renewal credit . . .why not?

[mshatty]

Originally Posted by blueparrot

Sounds like the lawyers sold their clients down the river to get a little cash for themselves. Shameful, but then who was the famous person who said the first thing that should be done is shoot all of the lawyers.

This is an asinine statement. The clients have to approve any settlement, not the lawyers. Why say such a stupid thing?

Originally Posted by x3skier

Shakespeare who wrote "First, kill all the lawyers".

Anyone who believes a class action law suit does anything for the class is a dreamer. It may prevent some behavior in the future but it will definitely provide substantial profits to the lead law firm.

Cheers

As for this quote it is always taken out of context. The reason that the protagonist stated to "First, kill the lawyers" was to prevent the people from having an advocate, knowing that the lawyers would stop their wrong actions. So when someone like you quote Shakespeare, you are actually promoting and advocating for lawyers to help people. I suspect that was not your intention. I suspect that it was to insult lawyers. Sad.

[wandering gnome]

JLB,

Are all memeber ellkigible for the renewal credit or just the individual who signed onto the class action suit?

[Laurie]

Originally Posted by kennyw

In addition, upon each such Deposit of Vacation Time, as well as with respect to Deposits made less than one year in advance of the starting date of the deposited Vacation Time, RCI will make available that Vacation Time to satisfY an active and pending Exchange Request, based on the Trading Power criteria set forth in Section IX.A below. If no such Exchange Request exists upon the Deposit date, RCI will make the deposited Vacation Time available for both Exchange and Rental, should RCI wish to offer the Vacation Time for Rental.

Aha! I haven't been able to figure out why on earth they took away our ability to modify our own ongoing searches - I couldn't think of any logic for RCI wanting to reduce the likelihood of a match to an ongoing search. This however would explain it - fewer ongoing searches, more rental opportunities for them.

[katiemack]

Originally Posted by laurie

aha! I haven't been able to figure out why on earth they took away our ability to modify our own ongoing searches - i couldn't think of any logic for rci wanting to reduce the likelihood of a match to an ongoing search. This however would explain it - fewer ongoing searches, more rental opportunities for them.

bingo!

[katiemack]

Originally Posted by JLB

Not much new here.

The new search system is much more open and revealing, as we have already discussed. But, it still isn't offering what we want when we want it. But, it always eventually does.

105 exchanges with our old dinosaur Weeks, and still getting them. Still getting good service when we need it, albeit after another employee has screwed thing up.

Sure, I'll take a renewal credit . . .why not?

JLB, Could you help me understand: How does knowing that your week shows 13,000 plus units equal revealing to you the trading power? RCI sets the trading power, they define how and where and what you can see that adds up to the 13,000 plus....but how does that figure show you the magic formula that determined the power?

[JLB]

My involvement is as follows.

I had compiled a daily study of availability in SW FL in January, beginning March 27, 2002. Actually I began the study in 1997, when rci.com started, but started recording search results in 2002.

I have not heard of any other study into what the group was trying to say, that stuff that used to be available no longer was. Perhaps it was the only study that actually did, the rest of the claims perhaps being idle speculation, a gut feeling, or a misuderstanding of how timeshare exchanging works.

An investigator or two contacted me, probably because of my lengthy thread OY, cotinued here.

Then they never followed up. I don't believe I ever signed on.

Perhaps they never followed up because I was never able to establish any wrongdoing, any taking of deposits and renting them (not that that would satisfy a legal definition of wrongdoing, although it may be morally wrong). I never found any rentals anywhere for the timeframe and the resorts I studied. With all of the resources of the Internet, no one else ever did either, and shared it in those threads.

If anything, I established that owners who had previously deposited no longer were. Period.

I have personal accounts that that is the case, that units we were exchanging into no longer were available once the owners sold them.

Add to that the fact that we have continued to receive at least comparable exchanges for our deposits and I can see why the group might not want to use my quantification of the issue.

As everyone knows I have ridden the fence on this issue, falling off on both sides, climbing back up, and falling off again. I have also said that when it all goes to heck in a handbag, we will walk away from it, and we have not . . . yet.

&, I will not need an attorney to tell me when that time arrives.

Originally Posted by wandering gnome

JLB,

Are all memeber ellkigible for the renewal credit or just the individual who signed onto the class action suit?

[JLB]

Perhaps it was in Lawren's letter thread that I said exactly what you are saying, that they have not revealed the secret formula, but we can now see the results of it. We can see much more info than when I/we first started, and we would call a VC, and they told us the resort(s) we could go to, if any. I don't recall them ever offering more than one. I recall them always saying the same thing, something like, "Here's a really great place . . . blah, blah, blah."

That's about how our first ten years went, us never knowing that much more and better was out there.

Now, I/we just sold a week to another couple here. They are new newbies. I told them when they are ready to look at RCI, we will have them over and show it to them.

When I open up our account, they will see that one of our deposits can get 110,000 units and another can get 162,000. Within a few minutes, the new newbie can see the differences.

Several of the guys at the golf course refuse to use RCI cuz you can never get anything through them. Well, if they care to, now they can see that that is not true. Two of the hard core alpha males complained about never being able to get Gulf Shores in January, so they can go golf there. Just last week I saw two units in Gulf Shores in January, a 2-bedroom and a 3-bedroom, and I printed it off and gave it to one of them.

You never usetacould do stuff that you can do now.

It is a movement in the right direction, one we'all have been asking for for a long, long time, at least for as long as I have subjected myself to criticism on the Internet.

Originally Posted by katiemack

JLB, Could you help me understand: How does knowing that your week shows 13,000 plus units equal revealing to you the trading power? RCI sets the trading power, they define how and where and what you can see that adds up to the 13,000 plus....but how does that figure show you the magic formula that determined the power?