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Posted By: Cobby33

Soon, I would imagine the grading companies are going to require that submitters agree to a "hold harmless" agreement, that is, to say that the grading company cannot be exposed to claims which arise from transactions gone awry based upon "mis-labeling."

Now, at best, a grading company would be liable to the initial submitter only and that person would have to show that s/he was "damaged." Still, it would likely be a "wash," since the only money the submitter would be out would be the grading fee. A court (in California) would likely not buy the argument that "it should have been worth X if the grade stuck" would likely not be given any merit.

Just my $.02.