Outed cards, now including a 130K gain on an Aaron rookie

[Peter_Spaeth]

I'm defending a case right now that was filed almost 2 years after a merger, claiming shareholders of the acquired company got shortchanged. I guess if Jake had been advising the client he would have told them to rest easy a few days after the closing. No lawsuit, no problem.

[calvindog]

Originally Posted by Peter_Spaeth

I'm defending a case right now that was filed almost 2 years after a merger, claiming shareholders of the acquired company got shortchanged. I guess if Jake had been advising the client he would have told them to rest easy a few days after the closing. No lawsuit, no problem.

Maybe he practices in a jurisdiction where the statute of limitations is only a week? Mars perhaps?

[Peter_Spaeth]

Originally Posted by calvindog

Maybe he practices in a jurisdiction where the statute of limitations is only a week? Mars perhaps?

Less gravity may translate to a shorter limitations period.

[Aquarian Sports Cards]

Originally Posted by Peter_Spaeth

Less gravity may translate to a shorter limitations period.

The Mars day IS somewhat shorter than ours...

[1952boyntoncollector]

Originally Posted by Peter_Spaeth

I'm defending a case right now that was filed almost 2 years after a merger, claiming shareholders of the acquired company got shortchanged. I guess if Jake had been advising the client he would have told them to rest easy a few days after the closing. No lawsuit, no problem.

I agree cases can be filed a day before the Statute of Limitations but if this is such a big issue and deep and rich with so many people burned. i would think someone will file a case before 2 years. Heck someone sued the Spurs for not playing their Starters a few years back and it was a day or so after it happened.

[Peter_Spaeth]

Someone may yet sue. They would have to first submit the card to PSA under the guarantee, and PSA would have to decline to honor the guarantee, before any claim would be ripe. That is going to take time. The guarantee does not require PSA to review a card within X days does it?

[1952boyntoncollector]

Originally Posted by Peter_Spaeth

Someone may yet sue. They would have to first submit the card to PSA under the guarantee, and PSA would have to decline to honor the guarantee, before any claim would be ripe. That is going to take time. The guarantee does not require PSA to review a card within X days does it?

I know a lot of card buyers that are pretty impatient. If a card is late a few days they go nuts. If you thought you lost 5k? How long would you wait around. 3 months? I guess i am asking what time frame do you think is a reasonable time that you would agree that it would appear strange no lawsuits are filed and/or that appears refunds are being paid to everyone's satisfaction so no lawsuits are filed. Dont tell me a year..

[Peter_Spaeth]

Originally Posted by 1952boyntoncollector

I know a lot of card buyers that are pretty impatient. If a card is late a few days they go nuts. If you thought you lost 5k? How long would you wait around. 3 months?

If I sent the card back on day 1 I would still have to wait for them to review it, which might well take 3 months given their turnaround times.

[1952boyntoncollector]

Originally Posted by Peter_Spaeth

If I sent the card back on day 1 I would still have to wait for them to review it, which might well take 3 months given their turnaround times.

Id like to hear one person on net54, who actually is in that situation say they are willing to wait 3 months for a review on their card.

[Peter_Spaeth]

Originally Posted by 1952boyntoncollector

Id like to hear one person on net54, who actually is in that situation say they are willing to wait 3 months for a review on their card.

What choice is there? Are you going to sue PSA for not reviewing your card fast enough when there is no document obligating them to review within a particular time? Sounds like a great cause of action. It would get tossed in a minute and you might get sanctioned.