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Company: Trendwest Resorts
Current Parent Company:
Travel + Leisure Co.
Parent at the Time of the Penalty Announcement:
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Recap of Ownership Changes:
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Penalty: $795,000
Year: 2003
Date: October 29, 2003
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: The California Attorney announced the settlement of a consumer protection lawsuit against Trendwest Resorts, the world's third largest timeshare operator, which requires the firm to pay consumer restitution and civil penalties, and reform its business practices.
Level of Government: state
Action Type: agency action
Agency: California Attorney General
Civil or Criminal Case: civil
Facility State: California
HQ Country of Current Parent: USA
HQ State of Current Parent: Florida
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: hotels
Specific Industry of Current Parent: vacation timesharing
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.