LAWSUITS NEWS & LEGAL INFORMATION
Wyndham Worldwide Corp.
Cumberland County, TN: (Jul-11-07) The Department of Housing and Urban Development (HUD) filed charges against Fairfield Resorts Inc., a unit of hotel operator Wyndham Worldwide Corp., alleging that it indulged in illegal marketing and sales tactics dating back to the 1970s. The issue stemmed from hundreds of consumer complaints that the company failed to complete promised utility and street improvements for the Fairfield Glade development in Cumberland County, TN. HUD alleged that Fairfield failed to meet a 1998 deadline to make water, sewer, electric utility and street improvements, and that the company's marketing and sales agents engaged in various misrepresentations regarding the investment potential of certain lots.
In a settlement reached, Wyndham Worldwide Corp. agreed to pay up to $2.9 million to settle allegations. Under terms of the settlement, Fairfield agreed to offer certain original purchasers a full refund of the price of their undeveloped lot. [FORBES: TIMESHARE UPGRADES]
Published on Jul-13-07
In a settlement reached, Wyndham Worldwide Corp. agreed to pay up to $2.9 million to settle allegations. Under terms of the settlement, Fairfield agreed to offer certain original purchasers a full refund of the price of their undeveloped lot. [FORBES: TIMESHARE UPGRADES]
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