08-23-2016, 04:15 PM
The D&O insurance policy covers the Directors and Officers, but not the Association. So there has been a 2nd attorney representing the association. I believe he is being paid from the "Legal Defense Fund". I believe that the $25,000 D&O deductible is also paid from this fund. Some will argue that neither of these expenses should be coming out of that fund, but that is another discussion. According to the court website, the attorney for the association has withdrawn and has been replaced by 3 other attorneys. Also, according to the court website, a request for the transcripts of the last hearing has been made by a private party. I'm still hoping that those transcripts will surface here like the last ones did.
Like many of you, I did not receive any notification for the meeting and vote at the Elks Club. Nor has anyone that I have talked to. However, ASSUMING that this meeting actually took place and 40 people showed up to vote, it begs the question: How did these people find out about it? If any of you were notified of this meeting, I would be interested in hearing how you were notified, i.e., newsletter, website, e-mail, phone call, smoke signals, etc.
As to paying the fees....the plaintiffs (OL Voice, Aurthurs &Co.) have a stated goal of placing OLCA into receivership. Since fiscal solvency of the organization is a huge factor in whether the court will grant this, not paying the fees is a benefit to this goal. Paying the fees is a benefit to the defendants who are trying to keep OLCA out of receivership. Your choice.
And finally,
"The bigger irony being: wasting time and money on pointless lawsuits when it's County that created the problems in the first place with their BS "privately owned roads open to the public".
If all the subdivisions pooled their lawsuit dollars ... progress could happen."
Kalakoa, you could not have hit the nail more squarely. For the amount of time and resources spent on this ridiculous pissing contest, we could have already been a year into this process, and not even needing the help of the other subdivisions.
Aloha
Like many of you, I did not receive any notification for the meeting and vote at the Elks Club. Nor has anyone that I have talked to. However, ASSUMING that this meeting actually took place and 40 people showed up to vote, it begs the question: How did these people find out about it? If any of you were notified of this meeting, I would be interested in hearing how you were notified, i.e., newsletter, website, e-mail, phone call, smoke signals, etc.
As to paying the fees....the plaintiffs (OL Voice, Aurthurs &Co.) have a stated goal of placing OLCA into receivership. Since fiscal solvency of the organization is a huge factor in whether the court will grant this, not paying the fees is a benefit to this goal. Paying the fees is a benefit to the defendants who are trying to keep OLCA out of receivership. Your choice.
And finally,
"The bigger irony being: wasting time and money on pointless lawsuits when it's County that created the problems in the first place with their BS "privately owned roads open to the public".
If all the subdivisions pooled their lawsuit dollars ... progress could happen."
Kalakoa, you could not have hit the nail more squarely. For the amount of time and resources spent on this ridiculous pissing contest, we could have already been a year into this process, and not even needing the help of the other subdivisions.
Aloha