Class action suit filed against PSA, PWCC and Probstein

[swarmee]

It was elevated to Federal District Court in California right at the start of the Coronavirus situation, requested by PSA I believe. No mention of it at all on the PSA quarterly shareholders meeting, from what I've been told. Hopefully they put it in their notes, despite Joe's claim that these scandals "are not material to their business."

[ajjohnsonsoxfan]

any update on this?

[swarmee]

Savoy's case was stopped by the judge, mainly because he couldn't show he had any damages as a result of the scandal. Read the last couple of pages here:

https://www.blowoutforums.com/showthread.php?t=1352880

[conor912]

Hahaha. I love it. Everyone’s making money so it’s a victimless crime. You can’t make this shit up.

[Johnny630]

Sadly the beat goes on in this industry, Nothing really changes, consequences haha what is that!. This country has way more to worry about than this. Look at all the victims of the past recent month in thus country that have been told oh that’s what you have insurance. Sadly I think this story has went to the Back burner of disappearance.

[drcy]

If it doesn't matter that a card is altered, that begs the question of why it needs to be graded.

[conor912]

Originally Posted by drcy

If it doesn't matter that a card is altered, that begs the question of why it needs to be graded.

I couldn’t have said it better.

[Johnny630]

Originally Posted by drcy

If it doesn't matter that a card is altered, that begs the question of why it needs to be graded.

Perfectly said!!

They're Addicted To Grading.

[perezfan]

Originally Posted by drcy

If it doesn't matter that a card is altered, that begs the question of why it needs to be graded.

If we are still doing "Post of the Year" around the end of December, I would nominate this one. Concise, poignant, and right to the point in one brief sentence.

Hopefully the FBI's case turns out to be far more successful than the class-action, and we won't have to see these criminals keep wiggling off the hook.

[HRBAKER]

Originally Posted by drcy

If it doesn't matter that a card is altered, that begs the question of why it needs to be graded.

If not, you couldn't talk "Pop" or GPA.

[68Hawk]

Originally Posted by drcy

If it doesn't matter that a card is altered, that begs the question of why it needs to be graded.

You're assumption that the primary role of grading is to assign judgement as to altered or unaltered.

I would argue the primary role is authenticity of item, and secondarily should be to give an assessment of condition so that it may be valued by pursuing collectors against other existing copies.

Alteration is even more subjective in my opinion than condition.
Who's to say a car has complete original running gear when certain parts are unnumbered?
What exactly is 'original' patina on 18th century furniture?
Those cards you like to collect, are you so sure none that conform to an assessment of unaltered were'nt in fact changed by early owners but in ways that the years have hidden? Even when passed around a group of well regarded hobbyists you'd get different assessments between them.

To me it's a bit silly to have canniptions over the 'dark arts' of todays bad actors in the business.

Grading should simply confer on opinion of Authentic for the issue, or reprint.
Subsequent to that all judgement should be left to the buyer as to judging condition based on eye appeal, whether the card measures correctly for the issue, does it have wear such as wrinkles/rubs etc, and any other valued criteria.
Those assessments could be included in a report on any slabbed card, and the buyer then weights them according to his preference and pays to that measure.

Simples.