Following are several links to Wyndham-related lawsuits on behalf of owners. Many of these are against Wyndham’s other brands or subsidiaries (Trendwest, WorldMark, RCI, etc.):
Here is a link to the RCI Class Action Settlement Agreement, dated Nov 21, 2008, which finds Wyndham subsidiary company, RCI, to have used timeshares deposited with them for exchange, and rented them to the public without knowledge or approval of owners. Said deposits were rented to the public for Wyndham’s own corporate benefit and once removed from inventory, were no longer available for other owners to receive in exchange.
Here is a link to a Dec 10, 2008 finding against Wyndham to allow Worldmark (another Wyndham membership program, similar to FairShare) owners’ access to the email addresses so proxies may be sent to owners to try and overthrow their Wyndham-controlled Board of Directors. It is item 8 in the list. Also notice the part where the Board of Directors tried to amend their bylaws to disallow this, even while the complaint and petition were pending!
Here is a link to the pending class action suit against Wyndham for monopolizing the Board of Directors of WorldMark and devaluing their ownership. This is a different membership program than FairShare, but the premises of the class action are very similar.
Actually, the website http://whatswrongwithwyndham.com has much more information about the Worldmark class action suit and should prove helpful in understanding how Wyndham is trying to use their corporate relationships to manipulate the various organizations they are entrusted to manage.
Here's another recent example. In December, 2008, the Property Owner's Association at Daytona Beach Ocean Walk, which was managed by Wyndham, filed the largest civil suit in Florida’s history (against Wyndham), again alleging misuse of the resources the were supposed to manage, misuse of funds, and unwillingness to relinquish assets even after being fired as the management company.
Additionally, there are several State Attorney General’s who have taken punitive action on behalf of their constituents against the timeshare industry, mostly for unfair sales and marketing practices. Here are four examples (one involving Wyndham subsidiary, Worldmark):
California Attorney General Bill Lockyer sues Trendwest (a former Cendant subsidiary).
Missouri Attorney General Jay Nixon sues Branson timeshare developer. Notice paragraph four, which alleges that specified promised benefits were not delivered. This is one of the biggest concerns owners have with what Wyndham is doing to their owners.
Here’s another lawsuit filed by Missouri Attorney General Jay Nixon last year – this time against Festiva Resorts.
Pennsylvania Attorney General Tom Corbett announced lawsuits against multiple Florida timeshare companies for deceptive timeshare practices. Everything Wyndham is currently doing to our ownership would certainly fall under the title of “deceptive” (or worse).http://www.attorneygeneral.gov/press.aspx?id=3999
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