The Point at Poipu Owners Association 

News Letters from your COPP Board Members

Annual Meeting & Board of Director Elections March 18/14....(click here for the Newsletter)

ARDA $5 "voluntary" contribution sparks a response from DRI....(click here for complete email thread)

Jan 3/14 Class Action Settlement Agreement....(full Agreement click here)
Executive Summary:  
Our class action lawsuit has resulted in a settlement reached through mediation between the attorneys for the plaintiffs and the attorneys for DRI and the rest of the defendants.
There have been financial concessions. They are now willing to take the remaining two years of payments and make them into FOUR years of payments. This will reduce the amount due in each of the next two years. If the escalation/contingency is not needed (or is lower than originally anticipated) years 3 and 4 will see reduced amounts billed, conceivably with NO funds due at all, rather than collect the contingency fees up front. They are also going to assume the expense of the defaults ($4M) as they are also collecting the deeds on those intervals. Further, they have agreed to drop $1M of the $1.7M management fees.
There were also Governance issues addressed. For all future elections, FULL DISCLOSURE must be made of ANY affiliation with DRI and all of its subsidiaries as well as familial connections. All non-DRI board members will be educated about "fiduciary responsibility" and "conflict of interest" so as to assure that all is above board. Additionally, the board members will have an "independent" attorney available for consultation with regard to board activities.
Although we will NOT be receiving the owner list, there is a new wrinkle which will address the issue. A "neutral third party" will be given the owner's contact info. The owners will be able to submit letters to be disseminated to the owners. The only editing permitted is to remove threats or obscenity. This "third party" will also oversee the statements submitted by board candidates, again with editing only for the removal of threat or obscenity.

Jan 29/13 Proxy Alert....(click here)

Jan 24/13 Election Alert....(click here)

April 10 / 12 LAWSUIT FILED AGAINST DIAMOND RESORTS!!! ....(click here)

Feb 8/12 Proxy Alert....(click here)

Jan 21/12 Legal Status Update....(click here)

Jan 21/12 Legal Update....(click here)

Jan 18/12 Refund Clarification....(click here)

Jan 18/12 DRI Offers Refund....(click here)

Dec 31/11 Course of Action....(click here)

Dec 31/11 Poipu Point In The News Again....(read here)
                 Timesharing Today....(click here for the article)
Dec 22/11 Assessment Update....(click here)

Dec 16/11 AAA Action Plan....( click here)
                 AARP and ARDA Disclaimer....(click here)
Dec 12/11 Goals & Objectives....(click here)

Nov 20/11 Volunteers required....(Volunteers click here)

Nov 15/11 An update from our President....(we have a plan)

Nov 2/11 An open letter to all Poipu Deeded owners AND Points Program owners(read letter from our new President here)

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