Rogue Valley Manor Board Files Lawsuit Against Parent Company

, Posted: Wed, August 15 2012 at 6:11 PM, Updated: Wed, August 15 2012 at 6:31 PM

The Board of Directors at the Rogue Valley Manor have filed a lawsuit against their parent company Pacific Retirement service after a 20 year long relationship. The Board claims that 'PRS' charges residents more than they should. The average resident pays about three thousand dollars per month to live there. The board suspects that the money is being used for other business interests. Manor board members say 'PRS' is the sole corporate share holder and makes all the financial and operational decisions.'PRS' was created by the Manor in 1991 to provide management and other services. It took several failed transactions for Board members at the manor to file a lawsuit. Including the Centennial Golf Course. That was supposed to include a housing project to make it more successful but the economy tanked. After getting sound advise from retired businessmen and lawyers who reside at the manor they built it anyway.

Some believe that  'PRS' charges more than should for management fees-$3,500 per unit. Apparently, far beyond the cost of running the facility.

Both parties will be in Jackson County Court on Monday.

 

Leave a Comment:

Note: Comments with profanity are automatically filtered and hidden. Verbal attacks towards others via our comments section will not be tolerated.