Class action suit filed against PSA, PWCC and Probstein

[CMIZ5290]

Originally Posted by cardsnstuff

does anyone actually believe, anything will change and/or come as a result of this lawsuit?

Amen Tony......It won't, trust me. Can you hear Brent, Rick, and Joe O laughing in the background??

[cardsnstuff]

Originally Posted by CMIZ5290

Amen Tony......It won't, trust me. Can you hear Brent, Rick, and Joe O laughing in the background??

This is my belief as well.

[nolemmings]

Originally Posted by CMIZ5290

Amen Tony......It won't, trust me. Can you hear Brent, Rick, and Joe O laughing in the background??

Yeah, I bet it's a plate full of chuckles to know you've been sued, your business integrity attacked and, depending on the nature and extent of your insurance coverage, that you'll be dealing with and paying lawyers. I know my clients would consider it a real knee slapper, a true hoot and a holler.

[Leon]

Originally Posted by nolemmings

Yeah, I bet it's a plate full of chuckles to know you've been sued, your business integrity attacked and, depending on the nature and extent of your insurance coverage, that you'll be dealing with and paying lawyers. I know my clients would consider it a real knee slapper, a true hoot and a holler.

Sounds like fun, fun, fun to me, Todd.
There is no doubt whatsoever this suit draws a lot more attention to the issue issues and that can only be good.

.

[CMIZ5290]

Originally Posted by nolemmings

Yeah, I bet it's a plate full of chuckles to know you've been sued, your business integrity attacked and, depending on the nature and extent of your insurance coverage, that you'll be dealing with and paying lawyers. I know my clients would consider it a real knee slapper, a true hoot and a holler.

And you think they give a damn?? Why dont you check their bank accounts for better perspective.....They are all making a TON of money....

[nolemmings]

Originally Posted by CMIZ5290

And you think they give a damn?? Why dont you check their bank accounts for better perspective.....They are all making a TON of money....

Yes I do. Having "a ton" of money does not mean you enjoy being dragged into court and paying for the privilege. You think they puff out their chests and brag about being sued for fraud at parties?

[CMIZ5290]

Originally Posted by nolemmings

Yes I do. Having "a ton" of money does not mean you enjoy being dragged into court and paying for the privilege. You think they puff out their chests and brag about being sued for fraud at parties?

I can't speak for Joe, but Probstein and Brent, probably so....And they are still laughing...

[Tyruscobb]

Originally Posted by nolemmings

Yes I do. Having "a ton" of money does not mean you enjoy being dragged into court and paying for the privilege. You think they puff out their chests and brag about being sued for fraud at parties?

The individuals saying that these companies are not worried and are laughing have no litigation experience. Even if these companies are confident that the claims will not survive summary judgement, they are still worried. The legal process is grueling and stressful.

Number 1: it is time consuming. These companies, which includes their officers and other employees, will have to devout time to discovery - giving discovery depositions, producing documents, answering admissions and interrogatories, etc.

Number 2: it invades on their privacy. The above-mentioned discovery will bring to light testimony and company documents, etc.

Number 3: most insurance policies exclude intentional torts. These companies’ insurance companies may file a declaration action against them and have a court determine whether there is even any valid coverage.

This action will not leave them. The individuals who control these companies will constantly think about the action. It is no laughing matter.

[drcy]

Originally Posted by Tyruscobb

The individuals saying that these companies are not worried and are laughing have no litigation experience. Even if these companies are confident that the claims will not survive summary judgement, they are still worried. The legal process is grueling and stressful.

Number 1: it is time consuming. These companies, which includes their officers and other employees, will have to devout time to discovery - giving discovery depositions, producing documents, answering admissions and interrogatories, etc.

Number 2: it invades on their privacy. The above-mentioned discovery will bring to light testimony and company documents, etc.

Number 3: most insurance policies exclude intentional torts. These companies’ insurance companies may file a declaration action against them and have a court determine whether there is even any valid coverage.

This action will not leave them. The individuals who control these companies will constantly think about the action. It is no laughing matter.

Number 4: I don't know of any companies or CEOs laughing and giggling about people finding out they're being sued in a class-action suit.

"Yee haw, this is great fun. It would only get better if my car was towed for double parking and I get a notice from the IRS that my taxes are going to be audited."

[Fballguy]

Originally Posted by CMIZ5290

Amen Tony......It won't, trust me. Can you hear Brent, Rick, and Joe O laughing in the background??

What are they laughing about exactly and why are you so proud of them doing it?

[perezfan]

Originally Posted by Fballguy

What are they laughing about exactly and why are you so proud of them doing it?

I was wondering the same. I believe most of us find this lawsuit to be much funnier than they do. Even a sub-par attorney will cost them tens of thousands when all is said and done.

And after this civil suit is settled, they can look forward to the FBI's inevitable criminal charges. So they get to party on all over again. What a blast!

[CMIZ5290]

Originally Posted by Fballguy

What are they laughing about exactly and why are you so proud of them doing it?

This is absolutely an idiotic comment by you....Me proud of them? I hope they get their asses whacked. I am just sick and tired of hearing people talk about potential damage that is going to come to these parties, and not a DAMN thing ever comes of it. Personally, I can't stand Rick Probstein, but he keeps on keeping on, and people keep on paying stupid prices for both of these guy's auctions...This talk about these two have been going on as long as I've been a member on N54.

[rats60]

It has been 9 1/2 months since this problem was exposed. The grading companies are doing record business. There could never be another vintage card graded and the companies would hardly feel the effect.

https://www.sportscollectorsdaily.co...trading-cards/

it’s the modern sports card market that’s primarily responsible for unprecedented levels of submissions and revenue.

“This rejuvenated segment of the market is more robust that at any point in our company’s history as younger generations of collectors are becoming more active,” Orlando stated. “In fact, around 80% of our approximately one million count backlog are of the modern variety at PSA and the vast majority of that 80% are sports cards.”

https://www.beckett.com/grading/guranteed

With that said, the number of cards Beckett is receiving daily has begun to eclipse the volume our staff can properly handle with strict guarantees in place. From invoicing, to card identification, to grading, to shipping…..cards are coming in at a rate never seen in our history.

[MULLINS5]

Originally Posted by rats60

it’s the modern sports card market that’s primarily responsible for unprecedented levels of submissions and revenue.

“This rejuvenated segment of the market is more robust that at any point in our company’s history as younger generations of collectors are becoming more active,” Orlando stated. “In fact, around 80% of our approximately one million count backlog are of the modern variety at PSA and the vast majority of that 80% are sports cards.”

https://www.beckett.com/grading/guranteed

With that said, the number of cards Beckett is receiving daily has begun to eclipse the volume our staff can properly handle with strict guarantees in place. From invoicing, to card identification, to grading, to shipping…..cards are coming in at a rate never seen in our history.

This is the generation who are OK with altered cards receiving a numerical grade.

[cardsagain74]

Originally Posted by MULLINS5

This is the generation who are OK with altered cards receiving a numerical grade.

Don't do the whole "younger generations are always worse" thing about this. There are tons of people regularly still paying full retail for pwcc/prob high end PSA grade 8-9 cards of post-war vintage HOFers that could easily be altered, and you know it's usually not going to be some 22 year old paying 1500 bucks for some grade 9 Hank Aaron from the late '60s.

Plenty of people of all ages are accountable for continuing to keep the grading companies (and the auction houses who have helped them) flush with $

[HRBAKER]

"If you or a loved one has purchased a card graded by any of these companies from any of these sellers, you may be entitled to compensation. Please call our offices."

[MULLINS5]

Originally Posted by cardsagain74

Don't do the whole "younger generations are always worse" thing about this.

Nowadays when someone opens a pack, and there's a dinged card, they can send it back and have the company make them a new one.

That's not a pack pulled card anymore. It's manufactured to be in mint condition.

I do believe future generations of collectors will be OK with trimming, cleaning, color touch, etc. At the rate we're at, they really have no other choice.

[perezfan]

NM. Nothing will change. I guess that we just accept the new tenets and prevailing mindset of the hobby or get out.

Impossible to try to instill change when nobody wants it.

[Republicaninmass]

Quite a few posters sharing a brain these days.


No wonder quite a the "favorite" posters have stopped posting on the boards.

Much like the netflix documentary


" Save the hobby, and ____yourself"


Hard to believe the amount of wanna be attorneys , tough guys and knuckleheads parading around here lately. I guess it takes all type of people to make a world. 99% havent a freaking clue.

If I pay for a PSA ad, can we keep these posts in the watercooler section? I'm sure I could get a few donations. Your spewing on these boards does absolutely nothing. People here are still buying from PWCC submitting to PSA etc. Maybe if you insult enough people, there won't be a board anymore.

[trambo]

Originally Posted by Republicaninmass

Quite a few posters sharing a brain these days.


Hard to believe the amount of wanna be attorneys , tough guys and knuckleheads parading around here lately. I guess it takes all type of people to make a world. 99% havent a freaking clue.

+1 to that one! No doubt there's something bad going on. Also no doubt it's been going on forever and isn't limited to TPG's not catching everything they should! People have been altering cards for a very long time. Not condoning it. Just saying it's been a thing.

Would love to see one of the people you mention above actually post something positive about the hobby for a change. After all, collecting should be fun! Plus it may just keep people posting on Net54! Wouldn't that be novel!

[conor912]

Originally Posted by Republicaninmass

.

If I pay for a PSA ad, can we keep these posts in the watercooler section?

Haha. Nice.