[QUOTE=Kenny Cole;1116889][QUOTE] The real question is will Kendrick, the only person with standing to bring a claim, sue the company. The article seems to indicate that he will not.
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I don't think that statement is accurate at all. IMO, those with standing to sue are everyone who got bid up and purchased the card based upon the false impression that it was actually an 8. The grader's statement makes it real ugly -- sort of in the category of fraud per se. In that regard, PSA certainly can't claim that it didn't expect buyers to rely upon the grade it gave because reliance upon the grade is precisely what it has been selling since day one.
Every purchaser who spent more than they would have had the true condition of the card been disclosed has a claim IMO. There may be defenses to the claim, like the Statute of Limitations, but I'm not seeing them working so well with respect to this particular card. It will be interesting to see what transpires.
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I disagree with you 100%. Every purchaser of the card sold it for a profit. They haven't suffered any harm and thus have no standing to bring a claim. The only person who did suffer harm is Kendrick.