Diamond Resorts Lawsuit Against Timeshare Exit Companies Will Proceed

06/03/2020 10:22

LAS VEGAS, March 6, 2020 /PRNewswire/ -- Diamond Resorts® ("Diamond"), a global leader in the hospitality, vacation ownership and entertainment industries, announces its lawsuit against Sumday Vacations, LLC and Standard Timeshare Transfers, LLC will proceed after a U.S. District Court judge in Orlando denied the defendants' motion to dismiss charges of fraud earlier this month.

Diamond's complaint alleges Sumday Vacations, LLC and Standard Timeshare Transfers, LLC prey on and mislead timeshare owners, violating Florida and Nevada trade practices laws. According to the lawsuit, the defendants engage in a fraudulent "exit" scheme that instructs timeshare owners to execute fake deeds, purchase agreements, or other forms of transfer documents in order to create the appearance of a legitimate transfer of their timeshare ownership. Sumday Vacations, LLC and Standard Timeshare Transfers, LLC intend for these documents to trick timeshare owners into believing that, as a result of the defendant's service, their interest was "transferred" and they have no further financial obligations – which is false.

"Diamond Resorts is doing everything in our power to shut down fraudulent third-party exit companies," said Mike Flaskey, Chief Executive Officer of Diamond Resorts. "We're pleased to see the court is holding crooked companies accountable for their actions, which are intended to deceive and harm vacation owners."

Diamond Resorts remains committed to protecting its members from timeshare exit companies, which not only hurt vacationers, but also often break the law. In addition to this case, Diamond Resorts has pursued legal action against 13 companies marketing themselves as timeshare exit companies. Diamond has obtained permanent injunctions in an additional eight lawsuits and had one attorney disbarred.

While the vast majority of members enjoy their vacation ownership, Diamond Resorts also understands that life circumstances can change and provides options for members seeking to safely modify or leave their vacation ownership behind.

About Diamond Resorts
Diamond Resorts® offers destinations, events and experiences to help members make a habit of breaking from the routine. From unforgettable getaways to exclusive concert series to VIP receptions and dinners, members turn to Diamond to recharge, reconnect and remind each other what matters most. Our focus on quality resorts, customer service and flexibility means members can return to a favorite resort, book a cruise to explore new countries or attend a once-in-a-lifetime event with the same level of confidence and anticipation. With access to a world of entertainment and activities, a Diamond membership ensures that people are always looking forward to vacation.

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