Are you a member of RCI Weeks having trouble obtaining a fair exchange for your timeshare week?
If the answer is yes, you may have legal claims in a class action lawsuit against RCI.
A class action lawsuit was filed against RCI in New Jersey in 2006 on behalf of all members of RCI’s Weeks Program.
The lawsuit alleges that RCI improperly skims a large percentage of the timeshares from the RCI exchange bank system, including many prime timeshares, and rents those timeshares out to the general public for profit and also uses them for promotional purposes and as fringe benefits for its employees. The lawsuit further alleges that as a result of these practices, the actual experience of many RCI Weeks Program members is that they simply cannot find any comparable exchanges. RCI denies any wrongdoing.
A settlement has been reached in this lawsuit. If you meet the definition of a class member, your rights may be affected.
Preliminary approval of the settlement was entered on December 23, 2008.
A hearing on final settlement approval has been scheduled for June 16, 2009 at 3:00 p.m.
To obtain a claim form and other information please go to: http://www.weeksprogramsettlement.com/index.htm
Click Here to view the Notice of the Settlement
Click Here to view the Settlement Agreement
Important Dates:
Class Period - January 1, 2000 through November 20, 2008
Exclusion Deadline – April 6, 2009
Objection Deadline - April 6, 2009
Claim Form Deadline – April 6, 2009
Fairness Hearing - June 16, 2009