Friday, May 30, 2014
CONTRIBUTIONS TO "SELF SUING" LITIGATION - NOT A VALID ASSOCIATION EXPENSE
I am of course concerned about the recent solicitation of legal fees for the Solomon & Karpf requested class action and so I asked our attorney about the legality of Building Associations giving money to support this lawsuit. It was his opinion that the Class Action lawsuit names only unit owners as members of the class.
Building Associations are not named parties and are not named members of the class and thus have no economic interest in the class action. A Building Association has no authority to expend Association funds on a lawsuit that does not involve the Association. In other words the Solomon and Karpf class action legal expenses have nothing to do with the Associations and these expenses would not be a valid common expense to the Building.
Now, the question arises; do you really want to sue yourselves? Please ignore this disruptive distraction, and let's get on with the real business of our Village.