Outed cards, now including a 130K gain on an Aaron rookie

[Peter_Spaeth]

Speechless at these Leaf Baughs. The number of registry sets affected could be significant.

https://www.blowoutforums.com/showth...90614&page=121

[1952boyntoncollector]

Originally Posted by Peter_Spaeth

Speechless at these Leaf Baughs. The number of registry sets affected could be significant.

https://www.blowoutforums.com/showth...90614&page=121

and zero lawsuits?

[Peter_Spaeth]

Originally Posted by 1952boyntoncollector

and zero lawsuits?

The wave of outings has been during the past month. I wouldn't expect lawsuits yet.

[1952boyntoncollector]

A month is a long time. When you hear of any issue in the news...its only takes a few days to hear of a lawsuit filed ..but i get it that baseball card collecting isnt the BP oil spill

There is also statute of limitations issue but fraud usually can extend those timelines etc...

[Peter_Spaeth]

Originally Posted by 1952boyntoncollector

A month is a long time. When you hear of any issue in the news...its only takes a few days to hear of a lawsuit filed ..but i get it that baseball card collecting isnt the BP oil spill

There is also statute of limitations issue but fraud usually can extend those timelines etc...

There is a rush sometimes in large cases because plaintiffs' lawyers are competing to be the first-filed suit. 99 percent of people who own these cards don't even know about them yet probably. And people would have to go through the review process with PSA first as well.

[calvindog]

Originally Posted by Peter_Spaeth

There is a rush sometimes in large cases because plaintiffs' lawyers are competing to be the first-filed suit. 99 percent of people who own these cards don't even know about them yet probably.

I think he’s confusing class action litigation - which isn’t happening here - with individuals suing under the PSA guarantee.

[Peter_Spaeth]

Originally Posted by calvindog

I think he’s confusing class action litigation - which isn’t happening here - with individuals suing under the PSA guarantee.

And it's hard to sue on the guarantee unless you've first asked PSA to make good on the guarantee and weren't satisfied with the outcome.

[calvindog]

A month isn’t a long time at all. Efforts are being made to get refunds from various parties without the need for expensive litigation. Why would someone sue unless there is no other recourse? And the fraud has just been uncovered. That’s when the statue of limitations just starts to run. This thing is in the bottom of the first inning.

[1952boyntoncollector]

Originally Posted by calvindog

A month isn’t a long time at all. Efforts are being made to get refunds from various parties without the need for expensive litigation. Why would someone sue unless there is no other recourse? And the fraud has just been uncovered. That’s when the statue of limitations just starts to run. This thing is in the bottom of the first inning.

Right but knowing the minds of many collectors, it would not be stretch that at least one of them is not happy with the refund being offered. Expensive litigation happens all the time for things that dont cost as much as the litigation as you know..

[calvindog]

Originally Posted by 1952boyntoncollector

Right but knowing the minds of many collectors, it would not be stretch that at least one of them is not happy with the refund being offered. Expensive litigation happens all the time for things that dont cost as much as the litigation as you know..

Where have you seen evidence that partial refunds are being paid out?

If the average card at issue here is worth $5000 there won’t be many lawsuits if any. That’s how PSA has been able to say FU for years to anyone who wants a refund.

What’s going to happen is a law firm will sue them and represent a hundred plaintiffs, large and small, with before and after pics as evidence. And sue them separately for each one. When they see the bad publicity and their inability to make the cases go away they will pay. Or else they’ll get buried.

[1952boyntoncollector]

Originally Posted by Peter_Spaeth

Speechless at these Leaf Baughs. The number of registry sets affected could be significant.

https://www.blowoutforums.com/showth...90614&page=121

I can see a new PSA label coming out to re-certify these high end cards....