PA-
TUG Member
The lawsuit has now been greatly expanded.
1) The suit now includes both our beloved developer (Wyndham), and the individual members of the Board of Directors.
2) The original suit alleged that Travelshare (and specifically FunTime) was a violation of the declaration and bylaws. Now the complaint has been expanded to include these areas, which should be of GREAT interest to those of us that have alleged the exact same things for years:
- Violation of the "relative use value" clause in the declaration. In other words, raising the credit values at the new resorts. Several owners have been working on calculating damages based on this violation. Current estimates are at about 1/2 $BILLION$. If it can be shown that the board and Wyndham colluded on this (which should be self-evident), it may become an anti-trust issue, with treble damages.
- The expanded complaint alleges that the Wyndham dominated board violated their fudiciary responsibility to the owners, instead catering to the profit needs of Wyndham. Go figure? Who woulda guessed that?
There is much more. The details can be found on the TRAVELSHARE DISCUSSIONS section of wmowners.com Finally, after all this time, perhaps, just perhaps, justice may be served.
The request by the Plaintiff's to amend the lawsuit (as outlined in my quote above) was GRANTED by the judge. So now the board is a defendent, and the complaints were expanded to include most, if not all, of the most aggregious abuses that Wyndham has been committing against the owners.
Bad news is that delays matters by a few weeks.