Quote:
Originally Posted by parkplace33
The theft caused Memory Lane to take out a $1.8 million loan to repay the cards’ owners and the loan racked up $125,900 in interest, according to the lawsuit.
It also caused the value of the cards to plummet and harmed Memory Lane’s reputation, according to the lawsuit.
I guess this answer the insurance claim question posted earlier in the thread.
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I will preface by saying that I have no opinion of Memory Lane as I have never dealt with them. However, is it not Memory Lane that hurt their own reputation by exposing the fact that they were not careful with the consignor's property and did not maintain any type of chain of custody?