Manhattan Club Lawsuit

William, I never said that I thought of you as foolish. Never once did I use that word. It is completely your prerogative to continue to pay and I do not consider you foolish if that's what you feel is the right thing to do. But what I won't do is try to second guess or speculate what's going to end up happening at the end of this nightmare.

William - I totally agree with you from the standpoint of this being a business transaction. I do not see any feasible way that some company is going to purchase the Manhattan Club without attempting to collect from those who have not paid. Also, if the "bad debt" reserve is used up, I don't think the new owner is going to be amenable to contributing to build up the reserve from his own pocket. So, how does the bad debt reserve get replenished. One of three ways: (1) collecting back from those owners who have not paid (2) the funds from the legal settlement go to fund it . or (3) our dues have to be increased so the fund can be replenished.. So - any thoughts from anyone else on this debacle???

Unbelievable how this group went from "defrauded owners against TMC" to "those who have paid against those who haven't paid"! As soon as the case with AG seemed to come to some kind of settlement, TMC admitting and stipulating to the fraud they were accused of, and AG giving them what seems nothing more than a slap on the hand, owners started turning on each other. Everyone made their decisions, to pay or not to pay, for their own reasons...and we should all respect each others decisions. If you chose to pay the exorbitant and ever increasing fees, and have to make reservations 9+ months in advance, while rooms are being rented out to the public in the meantime, that's your decision. That, among many other things, is NOT what I was sold and bought into. Those of us who have decided that we already got screwed enough and refuse to throw good money after bad, into what was proven to be a fraudulent transaction..well, that's our decision...and if there are consequences for that decision, then so be it. I'll take my chances. I resent seeing people that paid being portrayed as foolish and people that didn't pay being portrayed as deadbeats. This has to stop. We were all duped and each of us made our own decisions as to how to deal with it. And Williamm465..whoever you are, you are entitled to your opinion absolutely, but it's getting annoying, you constantly trying to instill fear in people who have not paid. The last one was a doozy... that you spoke to someone at the Manhattan Club and that those of us who haven't paid are "in big trouble". Like I believe anything that anyone at TMC says! I mean that's the point of all of this, that they have constantly and consistently lied to us owners. I'm starting to think that some people like you who have continued to pay are upset that those of us that didn't might actually NOT suffer any consequences for it and you're just upset at yourselves that you continued to pay into a fraudulent transaction, when maybe in the end you really didn't have to. Either way people, please stop turning on one another.. Again I repeat, everyone made a personal decision on how to proceed, for personal reasons, and I have no doubt that each and every one of us put a lot of thought into whatever decision was made. Let's stop trying to make each other feel bad about those decisions and just respect what each person chose to do. Either way we all entered into a fraudulent contract based on fraudulent misrepresentation and that was proven by the AG. It's the Manhattan Club that we should be upset with and Eichner and his gang not each other.

Kevin, Well said! People who make comments like the one you responded to have obviously not read the settlement and should do their homework before commenting. I personally paid my maintenance fee in January every year even though not due until July so I could book for December when I wanted to go. I certainly didn't have any connections.

let's all stop this childish quibbling in this redweek forum.......... who did or didn't pay maintenance?............., and all the rest of the BS associated with the horrible and nonsensical settlement made by the parties of this so-call litigation by the nys attorney general against a common (but white-collar) liar, fraudster, scammer and thief, IAN BRUCE EICHNER AND HIS GANG AT THE MANHATTAN CLUB.

let's go to page 188 of this forum and follow bob bilello's lead...............make up your own letter or use bob's well-researched, drafted and succinct but complete letter (with a few but appropriate changes) and send it to the attorney general's and a copy to governor cuomo's office. (FYI, GOVERNOR CUOMO IS ERIC SCHNEIDERMAN'S BOSS.) directly ask for acknowledgment of receipt of these letters together with an explanation and direction of how ALL OF US TMC OWNERS SHOULD PROCEED. don't stop contacting these respective new york state offices until we get reasonable and workable answers to help us claim our just due from the results of this lawsuit. keep in mind that all of us are not new york state residents, but we all pay real estate taxes for the week (s) that we own at THE MANHATTAN CLUB. WE ARE ENTITLED TO THE BENEFITS AS NYS PROPERTY TAXPAYERS

arguing with and criticizing each other, as we can see, is getting us nowhere.........fast. being PROACTIVE and non-argumentive nor critical toward our fellow owners will lead us more directly in the direction we want to be in, that is, WINNERS INSTEAD OF WHINERS.

PROACTIVITY IS THE KEYWORD. argumentive criticism will be our total downfall, as if we aren't currently in the depths as it is! all we have at our (potentially powerful) disposal is a pen or a computer writing program. WE'RE GOOD TO GO, SO JUST DO IT.

chris

Hi All, I agree. Stop this nonsense back and forth and only post something if you have some real news. Follow Bob Biello's advice and send a similar letter to the AG. Silence is preferable to 99% of the diatribe on this blog.

hi drusillam2,

you're so right. currently, all we have is bob bilello's excellent letter to use as a guide. my preference has been to use it almost in its entirety, save for a very few personal/situational changes. i've sent the letters to the nysag and to cuomo. we need to flood the nys atty general's and cuomo's offices with letters of this nature. we need to be heard and be responded to effectively and to our collective benefit. splitting $6,000,000 18,000 ways doesn't cut it. we want just and legal recompense for the lies, fraud, scheming and maintenance fee overcharging that we have all been subjected to by EICHNER, ET AL.

LET'S ALL JUST DO IT.........................NOW! (REMINDER: ASK FOR AN ACKNOWLEDGEMENT OF RECEIPT OF YOUR LETTERS, TOGETHER WITH ADEQUATE ADVICE CONCERNING THE BEST AND LEGAL WAYS TO PROCEED IN OUR PREDICAMENT.)

chris

drusillam2 wrote:

Hi All, I agree. Stop this nonsense back and forth and only post something if you have some real news. Follow Bob Biello's advice and send a similar letter to the AG. Silence is preferable to 99% of the diatribe on this blog.

I agree and have sent letters to the appropriate parties mentioned! Keep the negative comments directed at those that deserve it! Eichner and gang!

The line item for bad debt is included in the budget every year. It is constantly funded (as are all line items ) by our maintenance fees.

tulipblossom wrote:

William - I totally agree with you from the standpoint of this being a business transaction. I do not see any feasible way that some company is going to purchase the Manhattan Club without attempting to collect from those who have not paid. Also, if the "bad debt" reserve is used up, I don't think the new owner is going to be amenable to contributing to build up the reserve from his own pocket. So, how does the bad debt reserve get replenished. One of three ways: (1) collecting back from those owners who have not paid (2) the funds from the legal settlement go to fund it . or (3) our dues have to be increased so the fund can be replenished.. So - any thoughts from anyone else on this debacle???

Checking in once and a while, I could not agree more. Let’s be civil about this sad situation. Bob needs to be thanked for an incredible investigation and summary of events and facts, a wonderful tool for all of us to follow . I appreciate and thank Bob for helping me to submit a letter with my own problems to the AG Office , taking advantage of facts that I did not study on my own. Thank you Bob for allowing me ( all of us ) to use your letter as guide for mine. This was a huge help . Brigitte

The reason I will not pay this ransom is because I can rent a suite at Doubletree on Times Square for less money almost any time I choose. It is a newer hotel with faster and bigger elevators. When I purchased my timeshare at MC I asked and was told that maintenance costs would never exceed $200 per year and timeshare owners always had first preferance over outsiders. I was clearly defrauded and will not throw good money after bad!

I am a current MC timeshare owner. I have found an attorney in NJ that is looking at opening a new lawsuit on behalf of us/owners. He has begun to look at previous lawsuits that were thrown out/and why. That is key.

If you are at all interested in this, please reply YES - that's all i need right now....(and no, i do not know the cost yet - or any of that info as it may depend on numbers of participants. All i want to do right now is get an idea of who may want to join a NEW lawsuit. I see there is 190 pages of comments on this topic - I personally can't spend another year waiting and hoping something different happens or what a new owner of the Manhattan Club might charge, etc......the time is NOW to do something, and stop the madness. I want them fined for FRAUD - and I want out of the deed. If you are at all interested in more information regarding a NEW lawsuit filed by many owners - reply YES! Sue

We found lawyer in CA who is getting us out for one time fee of $950. He is highly rated for this and has done 20,000 of these.

has he ever completed one in the last 3 years with the Manhattan Club?

Bob,

Can you please provide contact information. We are also in California.

Sue - YES! I'm interested in joining a lawsuit, but I don't live in NJ. If that's not a problem, count me in.

Thanks, Betty

Yes please sue

sue, my answer is "yes" with conditions: i do not want out. i want fair treatment regarding reservations and i want the maintenance fees to be reduced substantially. frankly, i do not want to pay to give something of value away, i.e., lawyers' fees. if i pay an attorney, i want to keep what i paid for with the benefits i mentioned.

chris

sueo79 wrote:

I am a current MC timeshare owner. I have found an attorney in NJ that is looking at opening a new lawsuit on behalf of us/owners. He has begun to look at previous lawsuits that were thrown out/and why. That is key.

If you are at all interested in this, please reply YES - that's all i need right now....(and no, i do not know the cost yet - or any of that info as it may depend on numbers of participants. All i want to do right now is get an idea of who may want to join a NEW lawsuit. I see there is 190 pages of comments on this topic - I personally can't spend another year waiting and hoping something different happens or what a new owner of the Manhattan Club might charge, etc......the time is NOW to do something, and stop the madness. I want them fined for FRAUD - and I want out of the deed. If you are at all interested in more information regarding a NEW lawsuit filed by many owners - reply YES! Sue

I have found an attorney who will get us out for $950 one time fee. He has done so over 20,000 times. My research indicates he is very solid with strong credentials and first rate academic background.

.....