Class Action Status Report – February 2002

Dear TAI Members:

Our law firm continues to make progress in the quest to recover money for TAI members, stop various lenders from collecting contract payments, and seeking ways to prevent Travel America from intimidating TAI members.

We have recently settled with Great Western Bank and settlement checks should be mailed out by mid-March. If you weren't included in the Great Western settlement, don't despair as there are other defendants we are pursuing.

A number of defendants have shown a strong interest in settlement and we have had very productive settlement negotiations with several.

The settlement with Princap involved the sale of some real estate in Oklahoma. The bankruptcy trustee is in the process of clearing the title to the land so that it can be sold and the proceeds can be distributed. The settlement proceeds coming to the TAI members should be available to ALL TAI members. These funds will be pooled with other settlements and will eventually be distributed to the members. Be patient. This is long, arduous process.

I have spent an enormous amount of time the last three months collecting documents and evidence that will be used to prove our case against the lender defendants. I have received cooperation from some unusual sources and persons who have inside knowledge of TAI, Travel America and various defendants. Their willingness to help the members has proven very fruitful.

I want to encourage each member to search for all documentation regarding your TAI membership, contract payments, and other proof of payment to TAI, Travelers Data or any other entity. This is information may be needed in future settlements to entitle you to monies.

I also want to urge you to get the word out to other TAI members to register with the class, notify me of address changes, to "do their homework" before sending any money to Travel America. Let them know that Travel America and TAI have no legal connection other than Travel America somehow obtained the list of members and has chosen to bill TAI members for dues even though TAI members have not signed up as members of Travel America.

If you have been contacted by Travel America for dues or contract payments, been threatened with a lawsuit if you don't pay, or paid money because they told you "had to pay" or made any other representations that you believe are untrue, then I need to hear from you.

I would like to collect statements from people who have been harassed by Travel America so that I can try to put a stop to their collection activities. An outline of an affidavit is included in this newsletter for your assistance. Make sure you only include information that is true and feel free to add additional details and facts that you think would be helpful. If you had paid money to Travel America that you believe you should not have had to, then attach any evidence of payment that you have.

I continue to be very optimistic about this case and continue to strive to serve your interests. Keep up the faith.

Sincerely,

Douglas H. Napier
Attorney at Law