seeking alpha article Collectors Universe - A Scandal Waiting To Be Exposed

[kateighty]

Originally Posted by Peter_Spaeth

I've been involved in some that are worse than the case parodied in Bleak House. I'd be interested to hear about a class action against PSA (other than for securities fraud by shareholders) that didn't have predominance issues. My gut reaction, admittedly biased from being on the defense side of these, is that when people talk about class actions and bandy about the prospect of class actions they don't usually understand the requirements.

I too have been on the defense side. Who knows we might have actually worked together! Many are quick to say "class action" when they in fact haven't a clue as to how much actually goes into certifying a class before any sort of action happens. Not to mention everything with MDL. Could be years.