Quote:
Originally Posted by Peter_Spaeth
One thing to consider that I hadn't really thought about, and I haven't read every post so maybe it's been discussed, is this: was it kosher for ML not to tell consignors for days that their cards had been stolen and were missing? To get Scott's take, would you feel comfortable not telling consignors, on the theory that you'd make them whole in the end anyhow?
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Sorry to keep copping out, but I would do what my attorney and law enforcement told me.
What would I LIKE to do? Tell the consignors immediately, give everyone the option to pull their items (or remaining items as the case may be) and if too many consignors wanted out because of the situation, cancel the auction, tell everyone what happened and rely on insurance to make my affected consignors whole and return the items if consignors didn't want to reschedule them. I simply don't know if that was a possibility.