Class action suit filed against PSA, PWCC and Probstein

[BeanTown]

Not being an attorney, what would ballpark lawyer cost be for the plantiff and the defendant(s). Im sure there are two seperate amounts... Through jury trial or up to trial.

[nolemmings]

Originally Posted by BeanTown

Not being an attorney, what would ballpark lawyer cost be for the plantiff and the defendant(s). Im sure there are two seperate amounts... Through jury trial or up to trial.

Nearly impossible to say for now--too many parameters. Whatever the attorneys' fees, I am sure they will be reasonable.

[Snapolit1]

Originally Posted by nolemmings

Nearly impossible to say for now--too many parameters. Whatever the attorneys' fees, I am sure they will be reasonable.

Plaintiff's law firm could be doing on a contingency but not necessarily.

[conor912]

Geez. That introduction hold back no punches.

“Baseball-card collecting really ought to be extinct. It’s an analog hobby in a digital world, an expression of fandom in a sport whose attendance is in slow decline and whose cultural relevance is in free fall.”

[Brian Van Horn]

Have to wonder if eBay will be a defendant.

[Snapolit1]

Originally Posted by conor912

Geez. That introduction hold back no punches.

“Baseball-card collecting really ought to be extinct. It’s an analog hobby in a digital world, an expression of fandom in a sport whose attendance is in slow decline and whose cultural relevance is in free fall.”

Anyone who thinks baseball's cultural relevance is in free fall honestly has their head in their ass. Baseball is the one American sport talked about and debated endlessly. . . 12 months a year, 365 days a year. Baseball hall of fame debates all winter. Baseball cheating discussions all winter. Endless. Never stops. That's a silly point. Wait till the contract for Major league broadcasting is up for renewal. Someone will pony up billions.

[horzverti]

Originally Posted by Snapolit1

Anyone who thinks baseball's cultural relevance is in free fall honestly has their head in their ass. Baseball is the one American sport talked about and debated endlessly. . . 12 months a year, 365 days a year. Baseball hall of fame debates all winter. Baseball cheating discussions all winter. Endless. Never stops. That's a silly point. Wait till the contract for Major league broadcasting is up for renewal. Someone will pony up billions.

Completely agree Steve.

[Ronnie73]

Personally I don't see this going anywhere except costing everyone more money. Even though SGC is not listed, their prices could rise due to higher risk insurance or risk overall. The only way I see this as being cut and dry, is if someone on the inside testifies that fraud was taking place. Once this is settled, I don't really see much impact to PSA or PWCC. It might bankrupt Probstein though. All PSA has to do is show somewhere in all their fine print that the grades they give are their opinion and does not guaranty their grade will crossover to a competitor. I'm sure they've learned how to cover their ass on this subject over the years.

[todeen]

Originally Posted by conor912

Geez. That introduction hold back no punches.

“Baseball-card collecting really ought to be extinct. It’s an analog hobby in a digital world, an expression of fandom in a sport whose attendance is in slow decline and whose cultural relevance is in free fall.”

I thought the same thing.

[irishdenny]

Originally Posted by conor912

Geez. That introduction hold back no punches.

“Baseball-card collecting really ought to be extinct. It’s an analog hobby in a digital world, an expression of fandom in a sport whose attendance is in slow decline and whose cultural relevance is in free fall.”

His Childhood Musta Really Sucked *

Board game weenie

[Touch'EmAll]

At the very least it puts a thorn in the side of these clowns. And maybe it pushes Pathetic Sports Authenticators more toward Professional Sports Authenticators.

[samosa4u]

79. Second, when a card is trimmed, it no longer fits perfectly into a PSA case. Trimmed cards can often be identified by a gap between the card and the edge of the case and they may even move within the case.

This has been discussed a lot on this forum. I was told many times that the PSA holders come in so many different sizes and any card that is loose inside its case doesn't mean it was trimmed.

[todeen]

Originally Posted by samosa4u

79. Second, when a card is trimmed, it no longer fits perfectly into a PSA case. Trimmed cards can often be identified by a gap between the card and the edge of the case and they may even move within the case.

This has been discussed a lot on this forum. I was told many times that the PSA holders come in so many different sizes and any card that is loose inside its case doesn't mean it was trimmed.

And especially strip cards and T206 which were not systematically cut like modern cards. This will be hard to prove.

[perezfan]

Originally Posted by todeen

And especially strip cards and T206 which were not systematically cut like modern cards. This will be hard to prove.

What about with the thousands of "before and after" photos, showing the cards to be indisputably trimmed to a smaller size. There are a plethora of "maraca" cards that used to fit snugly and now have significant air space.

These pics do not lie, and will be quite impactful if it goes to trial. The plaintiffs should have a wealth of evidence... probably more than any judge or jury could handle.

[Tyruscobb]

Originally Posted by BeanTown

Not being an attorney, what would ballpark lawyer cost be for the plantiff and the defendant(s). Im sure there are two seperate amounts... Through jury trial or up to trial.

Plaintiff firms typically enter into contingency fee contracts with their clients. If the case settles before trial, 33% is the usual fee. It, however, normally increases to 40% if the case goes to trial.

The Defendants’ attorneys will bill per hour. The total fee is obviously the agreed upon hourly rate X the total hours. The defense attorney fees will likely equal hundreds of thousands of dollars.

I’m sure the Defendants have insurance, which will defend and indemnify them. This is what insurance does. However, most insurance policies exclude intentional torts. The insurance companies may defend under a reservation of rights. They could even bring forth a declaration action to determine whether there is any insurance coverage.