Aspen, CO (January 06, 2016) — A complaint requesting class action certification was filed by the Matthew C. Ferguson Law Firm, P.C. and Law Office of Michael J. Reiser on December 31, 2015 in the Pitkin County District Court, Colorado against Marriott Vacations Worldwide Corporation; Marriott Ownership Resorts, Inc. d/b/a Marriott Vacation Club International; Ritz-Carlton Management Company, LLC and others. Court filings allege that Defendants’ conduct significantly diluted the value of hundreds of fractional units at the Ritz-Carlton Club at Aspen Highlands in Aspen, Colorado.
The case RCHFU, LLC v. Marriott Vacation Worldwide Corporation, et al., 2015 CV 30160 was filed on behalf of hundreds of putative class members and is aimed at Marriott Vacations Worldwide Corporation (Marriott) and Ritz-Carlton related entities. Plaintiff alleges that Marriott was unjustly enriched by ditching an exclusive “equity-based, luxury vacation program” that was sold distinct and apart from its “Marriott Vacation Club” product line.
Court papers assert that the Aspen Highlands property was launched as the first fractional ownership property for the exclusive The Ritz-Carlton Club brand. Thereafter, the complaint continues, between 2001 and 2012, Marriott subsidiaries developed and sold approximately 3,000 of the deeded 1/12 luxury fractional interests under The Ritz Carlton Club brand at nine high end resort locations: Aspen Highlands, Colorado; Bachelor Gulch, Colorado; Jupiter, Florida; North Lake Tahoe, California; St. Thomas, U.S.V.I.; San Francisco, California; Vail, Colorado; Abaco, Bahamas; and Maui, Hawaii. Between 2001 and 2012, approximately 800 Class Members paid premium prices, ranging from $200,000 to $400,000, for their deeded 1/12 fractional interests at the Ritz-Carlton Club, Aspen Highlands.
The complaint details the reasons that class action status should be certified based on the number of potential class members and the common claims.
The Matthew C. Ferguson Law Firm, P.C. and the Law Office of Michael J. Reiser filed the action for a proposed class of owners who, between January 1, 2001 to present, purchased their unit interests at the Ritz-Carlton Club, Aspen Highlands. Two class action firms, The Meade Firm P.C., and the Gibbs Law Group have teamed up with the Ferguson and Reiser firms.
The Matthew C. Ferguson Law Firm, P.C. is a civil litigation and trial firm based in Aspen, Colorado. http://www.matthewfergusonlaw.com
The Law Office of Michael J. Reiser is a complex civil litigation and trial firm based in Walnut Creek, California.
The Meade Firm, P.C. is a trial firm specializing in complex business disputes and class actions, located in Berkeley, California.
The Gibbs Group is a national class action law firm headquartered in Oakland, California.
Copies of the complaint are available in the attachment section or for download here: http://matthewfergusonlaw.com/filed-copy-ritz-aspen-complaint-pdf/
PRESS RELEASE SOURCE: Matthew Ferguson Law