CLASS ACTION SUIT AGAINST TV

[Hyacinth Bucket]

Hi,

Thought you might be interested in the results of the class action suit.

DickY posted it on the original site and I thought it was to important to be missed.

I found this link to The Orlando Sentinel on the settlement: http://www.orlandosentinel.com/news/local/lake/orl-lvillages0908mar09,0,316401.story

Thank you Dick Y.

Hyacinth Bucket

[islandgal]

HB -

Thanks so much for this info.......

[KILLICKB]

I also recieved this from scources outside the Villages. As the case apparently was settled last week did I miss the article in The Daily Sun or are they a part of the gag order?

[F16 1UB]

Thanks DickY, HB, and all those who took part.

[chuckster]

Thanks HB, great article. The daily sun reported most but not all of the details.

[zcaveman]

I am stlill trying to figure out how bad we got :edit:

[Muncle]

No comment one way or the other on the lawsuit settlement, but folks should be aware that TV gets generally negative publicity from the Orlando, Leesburg, and especially Ocala papers. I noticed this before moving here when trying to do research on the place --- pre TOTV days. And when I say negative, I don't mean vis a vis the Daily Sun.

[Village Kid 2]

Here is the link to the Lake County Clerk of Courts showing the case. It would be interesting to get a copy of the final Order and see exactly what it says.


http://lakecountyclerk.org/online_court_records_detail.asp?case_id=68869006

[Bubbalarry]

Question now is what new fees are we going to see to help TV get a return on the settlement?

[JohnN]

$40 million divided by 70,000 people comes to $600 a head, if my minds works right.

[Muncle]

$40 million divided by 70,000 people comes to $600 a head, if my minds works right.


Don't forget to divide it by 13 years. It ain't much money for a corporation like TV.

[JohnN]

right, 13 years...so $50 per year per person, they'll recoup somehow

[gemorc]

[quote=JohnN ]
$40 million divided by 70,000 people comes to $600 a head, if my minds works right.
[
I don't think it will be shared by all 70,000 residents. If I read the settlement right, it only affects the Villages north of 466.

[Muncle]

It's not the number of residents affected, but the time span of the payout. My first reaction, like most, was that 40 million bucks was a lot of money. Still is, from my perspective. But when you look at the payout time period, 13 years, it doesn't look like that much. I don't know if inflation is figured into the payout, or if the $40,000,000 is to be paid out equally over the 13 years. Just taking it straight, with no consideration of inflation, balloon payments, whatever, it comes to a bit over 3 Mil per year. Not really that much money in relation to the maintenance budget of TV as it is now and certainly as it will be in 10-13 years from now. It's a nice contribution, but certainly not a windfall. Kinda like winning 3rd prize in the lottery. You won the lottery and the money is welcome, but it ain't gonna affect your lifestyle much.