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+  Forum Itra
|-+  General Category
| |-+  RCI Class Action
| | |-+  Update on RCI Group Litigation Proceedings
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Author Topic: Update on RCI Group Litigation Proceedings  (Read 8523 times)
Staff Manager
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Date Registered: September 28, 2010, 11:53:26 am
Posts: 62

« on: October 22, 2010, 10:00:09 am »

Our team have now collated the information that our current claimants have given within the prequalification application for them to be included in the proposed claim for compensation against RCI Europe and others.
As you are aware, everyone will be represented on a ?no win-no fee? basis backed by insurance which means that they will not be personally liable for any of the costs in pursuing this group litigation. The costs that have been invested by our funders to date are in excess of 1,000,000 GBP.
Any compensation awarded by the court or accepted by way of settlement will be shared between the claimants and the case funders. The apportionment is subject to final agreement with administrators and litigation funders. But the current proposal is that 60% will go to the claimants and 40% to the claim funders to cover risk, administration, insurance and legal fees. This could be subject to review dependent upon ongoing legal costs or settlement agreements.
If you are uncertain with regard to any aspect of this matter please contact us directly or visit the forum at
RCI Europe Members
During the past few weeks much correspondence has passed between our lawyers and the law firm representing RCI Europe the latest being an admission that they have been skimming owner?s weeks from their Spacebank (exchange system). This is good news, even though they claim to have done so with your consent.
Was it ever your understanding that RCI had the right to use or rent your exchanged week without fulfilling their obligations to you? This is one of the questions that will be on a forthcoming request for further claimant?s information. We will be sending this short questionnaire under separate cover..
We have issued pre action protocol notice to RCI Europe and will you keep you informed of all progress. We also welcome you to check for updates on the news section on our website and in particular suggest that you become involved in our forum which will help you communicate directly with other fellow claimants to generally swap notes and help spread the word to other RCI and resort members past and present. Remember there is always weight in numbers.
Other Matters
We have been informed by a number of the claimants we are representing that they have received further management billing or threats of legal proceedings being instituted against them. These clients surrendered their timeshare deeds or ownership documents either directly to us or to one of our associated approved agents because they considered them to be an ongoing liability,
We have given you all undertakings to defend and to be responsible for costs in the unlikely event of our losing a case which we defend and where necessary attend on your behalf. Under no circumstances should you ever pay any related charge or demand without first consulting with us.
We are in communication with the RDO (Resort Developers Organisation ? formerly OTE) and had a watching brief at their developer?s conference which was held in the Don Carlos Hotel in Malaga, Spain on the 4th -6th October 2010.
Other issues that apply to non RCI members that include Management Company and finance claims are now being collated and meetings with counsel in relation thereto are being held within this October 2010.
One developer who greedily pioneered the concept of introducing transfer and ongoing management fees to past owners has actually proceeded with a recovery test action against one of our clients.  We have funded representation to attend on our clients behalf and are confident that we will win. We will post the outcome and judgment on our website.
We attach herewith an independent report that we have commissioned which is an in depth study of what went wrong in the timeshare industry which you may find interesting and enlightening.
Finally, a piece of solid advice
Ignore all unsolicited communications and offers that you may receive in relation to your ownership irrespective of how official they may look. Just forward everything to us and we will let you know what to do.
Like many companies, we know that we suffering data leaks and therefore advise that under no circumstances should you give your credit card details to anyone that you do not know because there are many scams currently operating that use leaked data from sources such as ours.
We will keep you updated with all of the news of the actions.
Yours sincerely,
ITRA Legal Department
« Last Edit: July 25, 2011, 08:40:31 am by Rafa » Logged
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Date Registered: August 03, 2010, 03:22:39 pm
Posts: 1
4. Timeshare Resorts: dwvc and possibly still diamond

« Reply #1 on: December 09, 2010, 01:59:16 pm »

My wife and I went to the meeting in maidenhead on tuesday 03 august 2o10.I Did mention that we had sold our pionts to insentive leisure
on the 21.7.2008. We are now still receiving letters demanding mantainence fees from diamon resorts. We do believe that we have been conned insentive leisure said that they would notify diamond resorts that they,"insentive leisure" now owned the pionts and would pay the mantainence fees. We have been sending the letters demanding fees on to insentive leisure. Insentive leisure has paid them but why am I getting the bills.insentive leisure own the point not me.Their advert in the paper said "want to get rid of your time share points" I sold insentive leisure the deeds for my points.We have just been looking through the paper work for this transaction and who is insentive leisure,designer way vacation club?,are the one and the same?.We have had no booklets or anything about how or when or where we can book holidays with them we have never used them to go on holiday they bought our points but have not paid for them.We paid for a 10 year membership of insentive leisure ? designer way vacation club? to get rid of our timeshare pionts. They own the points.So why do we get the bill.
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Date Registered: December 17, 2009, 11:08:47 am
Posts: 3

« Reply #2 on: April 22, 2012, 02:59:45 pm »

What I would like to know , when is Itra  going to start going after the II holiday club.  There are a lot of us timeshare owners who belonged to II and they behaved the same way as RCI.  It would be nice if we could get back some of our monies that we have spent over the years!
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Date Registered: August 06, 2013, 02:15:48 pm
Posts: 1

« Reply #3 on: August 06, 2013, 02:40:27 pm »

A leading firm of costs lawyers and costs draftsmen providing legal costs law, group litigation and management services.
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