Vermont Resort Owners Fight Class Action over Investor Passes

April 15, 2008

  • April 15, 2008 at 1:59 am
    Common Cents says:
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    I want to sue you in a huge class action lawsuit, but I want you to do my research for me!!

    WOW

  • April 16, 2008 at 8:21 am
    Jo Momma says:
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    I built an addition onto my house recently. It will affect the cost of my homeowners insurance.

    Since my addition has as much to do with insurance as this article does, I thought I’d pass that along.

  • April 16, 2008 at 8:38 am
    Dread says:
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    Some people are greedy idiots. If these passes were issued in the 50’s and 60’s, the holders have certainly received more than their moneys worth of free skiing many times over. These people have an entitlement mentality and by now must be in their 60’s and 70’s and shouldn’t be skiing anyway if they had half a brain. What do they expect, the right to keep re-cycling their passes forever?

  • April 16, 2008 at 9:15 am
    wudchuck says:
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    if you read the article, they can pass these on once! so if they have a grandson, they can in-turn pass them to them and they would the continued use til they die. here’s the question in mind though. how many have been sold or xfered that one time? how many are really still active passes? costs – easily can be figured but you don’t need address and names. you can base that on the start of the built date to completion of the investor period. then you can calculate the value of pass and then convert to the value that it still holds.

    after rethinking this process, what are they really suing for? is it for the lifetime passes or the value of the investment? if the investment, then that should have been handled when the property was sold to new ownership. sounds like the pass was a gift and that should have been in that transaction when the property was sold. if not, then they should be reimbursed if they can’t use the remaining balance of the pass.

  • April 16, 2008 at 3:21 am
    bb says:
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    Jo Momma, You make this into an insurance claim by alleging that the failure to continue to honor the ski passes was a “wrongful act” by an “officer” or “director” of the successor company. If the “damages” are the dollar value of the ski passes as an investment, they probably will be damages under the D&O. At least the allegations should trigger the duty to defend. Good luck on your addition.

  • June 20, 2008 at 4:43 am
    Mister says:
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    Yeah, I think they should be sued. My Grandma just transferred a pass to my name last year and I want to either continue using the pass or be reimbursed monetarily.

    Screw Powdr Corp…. Pay up chumps!

  • June 21, 2008 at 8:24 am
    wudchuck says:
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    many places will not allow you to xfer passes. so be careful when you say, I NEED TO SUE! you may boggle down the courts and then it will cost you more in the long run.

  • June 23, 2008 at 8:37 am
    Mister says:
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    If someone else is going to do the dirty work for me in getting the class action initiated, I can be happy with that.

    In the meantime I can enjoy what’s left of my pass this upcoming season.

    I wouldn’t mind having it for longer though, since that the passes were allowed to be transferred a single time. They really should have called them 2X lifetime passes because of that. Kind of a misleading policy.



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