RCI Class Action Lawsuit is Upon Us

As we reported back in October, there are a group of 487 Claimants that believe they have suffered in the holiday exchange program sold to them by RCI Europe.  These claimants believe that they were not delivered the exchanges that they were promised in the presentations or the lovely colourful holiday brochures at the time of purchase.  These showed a multitude of accommodations that the buyer could interchange with the property that they had invested in, to a similar standard and value.

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The Story So Far

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story-so-far-itra-singaporeOur action group was incorporated in 2002 BY DIRECT SALES VICTIMS THEMSELVES to gain evidence that a lack of regulation in the direct sales industry has lead to the public being targeted for systematic and intentional fraud. By 2008, six years later enough evidence had been collected to interest two top law firms, Edwin Coe LLC and Stone Buildings LLC. The idea was simple… To set up a where victims can register for refund sign with complete confidence due to both anonymity and the freedom of upfront cost. The result being that claim volume has been high enough to attract notable law firms to take on contingency work. Should legal action fail in court, no charge be enforced against claimants. However, to motivate the most prestigious law firm’s claimants will agree to award 40% of their claim. This percentage would equate to five times the legal fee usually charged. Currently some of the most influential law firms on the planet are registered.

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