A website has been created – RCI Class Action Lawsuit – to help inform consumers regarding the latest RCI settlement proposal, and effectively spread the word on exactly what RCI is proposing. The site is an excellent source for information for all RCI Weeks members (both past and present week owners) looking to decode the complicated legal jargon RCI is pressing to have passed through the court system. I urge all weeks members to visit the site and carefully digest all of the facts presented, and make an educated decision on whether or not to accept or reject the settlement. This suit is time-sensitive and if you are an objector you must act before November 20, 2009. What does the class action lawsuit mean to me as a weeks member? Deciding whether or not to accept or object to the proposed RCI settlement will have an impact on your ability to exchange weeks. According to comments made elsewhere on this website by Dave,
“If the Settlement is approved (and it is likely to be approved UNLESS enough members of the class OBJECT), RCI will be able to point to the Court Approved Settlement of This Class Action and say: For two years: You as an EXCHANGER can deposit your week more than 12 months before the check-in date and RCI will leave your week for other Exchangers for up to 31 days from the date of deposit. After 31 Days, including the date of deposit, RCI is free to use the UNIT for any purpose and without limitation for RENTAL. If you as an EXCHANGER deposit less than 12 months before check-in, RCI is free to use the UNIT for Exchange or for RENTAL if there is no Exchange Request for your WEEK on the date of deposit. What happens after the TWO YEAR period has expired: I will leave it up to your imagination! If this Settlement is approved the door is WIDE open for any EXCHANGE company to take your deposits and OPENLY RENT the UNITS.”
For more information regarding what your choices as a present or former RCI Weeks member are, please visit the following sites: TUG BBS, RCI Class Action Lawsuit and RCI Class Action Lawsuit – http://rciclassactionlawsuit.com The comments below are open for discussion surrounding the lawsuit – feel free to voice your opinion or ask questions to other RCI Weeks members.