Settlement Agreement Reached In Missouri Consumer Fraud Case
Businesses in Missouri are required by law to truthfully represent the function and safety of their products. However, sometimes companies fail to meet these standards. A case of Missouri consumer fraud was recently settled when a company that sells timeshares in Branson, Missouri, agreed to pay restitution to more than a dozen customers who entered partial ownership of a property under false pretenses.
According to The Missouri Times, Attorney General Chris Koster announced the agreement last week. He stated his office had received roughly 15 complaints from customers who said they purchased timeshares through Welk without being provided truthful information about the use, benefits, cancellation, or selling of such properties. Welk will now pay $18,000 to these customers.
The agreement also stipulates that the company’s employees must abide to state laws regarding disclosure of information to customers. Failure to meet these guidelines can result in further legal action, including, but not limited to, a Missouri class action lawsuit.
Koster added that he was pleased with the terms of the agreement.
Others who have purchased timeshares through Welk under similar circumstances are instructed to call the Attorney General’s Consumer Protection Hotline at (800) 392-8222.
The legal staff at Cofman Townsley Injury Lawyers are hopeful the settlement helps bring closure to the victims and their families.