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Class Action Lawsuits – RCI

Friday, January 30th, 2009

RCI Hit With Class Action Suits

Complaints filed same day allege improper rentals, fraud

Two separate class action Complaints, co-incidentally both filed on March 14, 2006 in New Jersey, charge RCI with fraudulently marketing its exchange programs because weeks that are spacebanked or converted to points by its members are rented to the general public instead of remaining available for exchange by Weeks and Points members.

The suits allege that RCI makes more money from renting the weeks than it makes from the exchange fees, and that rentals of prime weeks are made to non-members through a variety of websites having secret agreements with RCI.

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