Diamond Resorts International, Inc. is a timeshare company headquartered in Las Vegas, Nevada. The company has a network of more than 379 vacation destinations in 35 countries around the world and sells vacation ownership points

Plaintiffs' law firm issued a press release on February 9, 2018, announcing the lawsuit. According to the Complaint, Defendants throughout the Class Period sold "points" affiliated with membership in their U.S. Collection Members Associations and Hawaii Collection Members Association. The Complaint alleges that these "points" were marketed and sold as investment contracts and therefore constitute securities, and the Defendants failed to register these securities with the United States Securities and Exchange Commission in violation of federal securities laws.

On January 25, 2019, the Court issued an Order severing four of the co-Plaintiffs from the suit and moving the venue to the District of Hawaii in conformity with the forum selection clause in the Plaintiff's purchase agreement. This case was voluntarily dismissed on May 29, 2019.