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  #1  
Old 05-10-2018, 08:43 PM
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calvindog calvindog is offline
Jeffrey Lichtman
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Originally Posted by Stonepony View Post
Can we surmise that " systematic scheme" means there are far more problems that those in Mr Shanus' complaint? Or no?
No. Just allegations by a plaintiff. Most of Corey's case was dismissed by the judge, one count went to trial and he won that and received 100K in compensatory and punitive damages. Of course this will be appealed and will go on another year or more.
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  #2  
Old 05-11-2018, 01:14 AM
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Originally Posted by calvindog View Post
No. Just allegations by a plaintiff. Most of Corey's case was dismissed by the judge, one count went to trial and he won that and received 100K in compensatory and punitive damages. Of course this will be appealed and will go on another year or more.
Speaking as an appellate attorney handling civil cases in both the federal and state court systems for 40 years, most of which have had at least $100,000 at stake, I believe Jeff is absolutely correct as to both the likelihood of an appeal and the time involved. Some cases which are initially appealed will also settle while the appeal is pending. We most likely do not have the final word in this matter at this time.

Best wishes to all,

Larry
Last edited by ls7plus; 05-11-2018 at 01:17 AM.
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  #3  
Old 05-11-2018, 02:26 AM
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Initially speaking

REA includes Lifson’s first and middle initial.

RL Americana includes his first and last initial.

Hopefully this info is REL. (relevant).
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  #4  
Old 05-19-2018, 07:19 PM
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It is also possible that no one really cares that much because Lifson isn't in the business any more.
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Old 05-19-2018, 08:21 PM
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I thought Lifson was forming an investment group to speculate in high end, graded cards?
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  #6  
Old 05-20-2018, 08:21 AM
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I thought Lifson was forming an investment group to speculate in high end, graded cards?
This appears to be the website but there is no content.

http://americanainvestments.com/index.html
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Old 05-20-2018, 11:15 AM
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And this legal stuff is confusing to non-lawyers. The civil litigators among us may appreciate the significance of a special verdict for fraud and of a punitive damages award but odds are most N54 readers don't.
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Old 05-20-2018, 11:53 AM
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And this legal stuff is confusing to non-lawyers. The civil litigators among us may appreciate the significance of a special verdict for fraud and of a punitive damages award but odds are most N54 readers don't.
I don't agree with that, Adam, although of course I am just speculating. But my gut tells me that if there was a civil verdict for fraudulent market manipulation and punitive damages against someone named KG, or BH, or a host of others, people wouldn't be too confused to discuss it. I think it has much more to do with the identity of the individual involved, whether because he is out of the hobby, or for other reasons.
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Last edited by Peter_Spaeth; 05-20-2018 at 11:54 AM.
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  #9  
Old 05-20-2018, 12:38 PM
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Originally Posted by Peter_Spaeth View Post
I don't agree with that, Adam, although of course I am just speculating. But my gut tells me that if there was a civil verdict for fraudulent market manipulation and punitive damages against someone named KG, or BH, or a host of others, people wouldn't be too confused to discuss it. I think it has much more to do with the identity of the individual involved, whether because he is out of the hobby, or for other reasons.
Maybe some of the people on the board actually know the facts of the one allegation that went to the jury and are shocked the jury got it so wrong.
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