Talk of The Villages Florida - View Single Post - VHA and POA Difference
View Single Post
 
Old 08-13-2010, 10:37 AM
English Ivy English Ivy is offline
Senior Member
Join Date: Aug 2007
Posts: 397
Thanks: 0
Thanked 0 Times in 0 Posts
Default

Miss Gracie, the "lawsuit" has nothing to do with the vinyl siding issue. It has to do with a $39.8 million dollar settlement agreed to be the Developer for a Class Action Suit brought against him and the VCCDD by several members of the POA (including Joe Gorman). Here is a link to the settlement:

http://www.thevillagesfl.us/classactionsettlement.htm

Yes, the plaintiffs and their lawyers did benefit monetarily from this suit, but all of us in The Villages benefited much more from what that money is doing for upkeep north of 466.

And yes, the defendants did negotiate and settle without this going to trial, but I really don't believe they would have done so if they were 100% innocent with no "creative" accounting having been done. JMHO.