I received a notification today regarding a Class Action Settlement involving the RCI Points Exchange Program. As part of my commitment to keeping timeshare vacation owners informed and updated on news and legislation affecting them, I am passing along a copy of the notification I received. You are invited to review the following information regarding the Class Action Settlement:
“A Settlement has been reached in a class action lawsuit that claims that RCI, LLC violated certain consumer protection and other laws by renting timeshare inventory deposited by members of the RCI Points Exchange Program. RCI denies it did anything wrong.
Am I included? You are included if you (1) Are a resident of the U.S. or its territories, and (2) Were a member of the RCI Points Exchange Program on or before April 25, 2012. If this postcard is addressed to you, you are included in the Settlement unless you exclude yourself.
What can I get? If the Settlement is approved, Settlement Class Members who submit Claim Forms may receive a payment. Current members may get $12 and former members may get $10. Claim Forms are due by August 24, 2012.
What are my other rights? If you do not want to be legally bound by the Settlement, you must exclude yourself in writing. The exclusion deadline is October 2, 2012. If you stay in the Settlement you will not be able to sue RCI for any claim relating to the issues in this lawsuit. If you stay in the Settlement, you may object to all or any part of it by October 2, 2012. The Court will hold a hearing on November 1, 2012 at 10:00 a.m. to consider whether to approve the Settlement and a request for attorneys’ fees, costs, and expenses in the amount of $835,000.00. The Court has appointed attorneys to represent the Class. You may hire your own attorney at your own expense.
This Notice is Only a Summary. For Detailed Information and a Claim Form:
Visit: www.pointsprogramsettlement.com Call: 1-866-647-5645 or Write: Settlement Administrator, P.O. Box 2662, Faribault, MN 55021-9662”
Following you will find a copy of the details of the above mentioned Points Program Settlement:
“If You Participated in RCI’s Points Exchange Program, You May Be Eligible for a Payment from a Class Action Settlement
A court authorized this notice. You are not being sued.
This is not a solicitation from a lawyer.
Members of the RCI Points Exchange Program who are residents of the United States or its territories filed a lawsuit against RCI, LLC (formerly known as Resort Condominiums International, LLC), claiming that RCI rented certain timeshare inventory deposited by members in violation of consumer protection and other laws.
The Court preliminarily approved a Settlement of the lawsuit. The Settlement, if finally approved, will provide benefits to people who were members of RCI’s Points Exchange Program on or before April 25, 2012.
RCI denies it did anything wrong. The Court did not decide that RCI did anything illegal or wrong. The Settlement does not mean that RCI admits that it did anything illegal or wrong. The Settlement avoids the cost and burden of continuing the case.
Your legal rights are affected whether you act or not. Read this notice carefully.
Your Legal Rights and Options in this Lawsuit:
|Submit a Claim Form||The only way to obtain a payment.|
|Exclude Yourself||Get out of the Settlement. Get no benefits from it. Keep the right to file your own lawsuit.|
|Object||Write to the Court about why you do not like the Settlement.|
|Go to a Hearing||Ask to speak in Court about the fairness of the Settlement.|
|Do Nothing||Get no payment. Give up certain rights.|
These rights and options-and the deadlines to exercise them-are explained in this notice. The Court still has to decide whether to approve the Settlement. Benefits will be made available if the Court approves the Settlement and after any appeals are resolved. Please be patient.”
I will continue to monitor this Lawsuit and keep you informed of any developments.
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