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| | |-+  Wyndham Resorts / Worldmark Class Action Lawsuit
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Author Topic: Wyndham Resorts / Worldmark Class Action Lawsuit  (Read 4164 times)
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Date Registered: September 28, 2010, 11:53:26 am
Posts: 62

« on: October 03, 2012, 12:50:20 pm »

The terms and conditions of the proposed Settlement are set forth in the parties’ Settlement Agreement and Release, which has been filed with the Court. On August 5, the court approved the settlement, which will lower credit values at certain resorts, cancel certain Vacation Credits held by Wyndham as unsold developer credits, remove underutilized units from the WorldMark system, and make other changes to the WorldMark time-share plan that may require consent of the WorldMark Board and approval from various regulatory authorities. Wyndham has notified regulatory authorities of the settlement, and will periodically report to Class Counsel regarding the status of efforts to obtain regulatory approval.

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