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#1
06-23-2009, 11:35 AM
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sorry as this may seem repetive (I posted this in the baseball card forum too).
some of us floated around some numbers and came up with the fact that since CC has been doing auctions for 20 years, and they used to collect higher fees on their auctions, it is quite possible that they have grossed over $100,000,000 since their inception. Do you think a lawyer or law firm could start a class action suit for all the people who have been ripped off during the last twenty years? With law firms getting from 20 - 33 percent of the collection they could easily make $20,000,000. How great would that be if this was the way to shut down those clowns at Coach's Corner. Looking around the internet I see that If someone wants to start a class action suit, they can visit classactionconnect.com I don't qualify as I have never purchased anything from CC. What do you guys think? Is this a possible way to shut down CC? Mike The Ring Guy. 
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#3
06-23-2009, 12:56 PM
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Mike,
I find it hard to believe this would ever work. First, not every item is "fake" so there are a lot of parties who were not injured in their auctions. Second, who knows when they first began selling the fake stuff. Trying to determine that would be a nightmare. Third, even if there was $100,000,000 worth of fake stuff sold, there is really nothing to pay the attorney fees out of. If CC was a multibillion dollar company, then a firm may be interested. However, no firm will bring a suit and put the necessary time and dilligence in for a recovery that will be likely $0.
__________________
For information on baseball-related cigarette and tobacco packs, visit www.baseballandtobacco.com. Instagram: @vintage_cigarette_packs
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#4
06-23-2009, 02:04 PM
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Canjond,
I don't know anything about this stuff so I appreciate your response. If say, 50 - 75 million was for forgeries and the owners (kind of like Madoff, purchased assets such as real-estate, cars, collectibles, retirement funds, etc.) would'nt the lawyers be able to seize this since it was purchased by way of fraud? A mailing could be sent to everyone on the CC list who purchased items or the law firm can purchase advertisements to appear (yes I realize the irony here) in SCD and other places, inviting people to be part of the class action. I imagine all you would need is the item, a bill of sale and the CC certification.
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#5
06-23-2009, 02:13 PM
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Canjond,
I don't know anything about this stuff so I appreciate your response. If say, 50 - 75 million was for forgeries and the owners (kind of like Madoff, purchased assets such as real-estate, cars, collectibles, retirement funds, etc.) would'nt the lawyers be able to seize this since it was purchased by way of fraud? A mailing could be sent to everyone on the CC list who purchased items or the law firm can purchase advertisements to appear (yes I realize the irony here) in SCD and other places, inviting people to be part of the class action. I imagine all you would need is the item, a bill of sale and the CC certification.
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#6
06-23-2009, 03:23 PM
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Quote:
__________________
For information on baseball-related cigarette and tobacco packs, visit www.baseballandtobacco.com. Instagram: @vintage_cigarette_packs
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#7
06-23-2009, 08:50 PM
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The problem with trying to get everyone together to bring in to a courtroom what may or may not be fake is that the lawyers would not be able to prove that this item is the exact item as described on C.C.'s generic COAs. Unless C.C. had changed their proceedures, I believe they never put a hologram on their items, therefore it would be very easy for them to say that that was not the exact item they had sold and you could not prove it was. For years, they sold all those non-pictured items that noone ever had a chance to inspect, so its your word against theirs. Also, how many times has that item been bought and sold since it was won in the original auction, so the new owner may not even know it came from C.C. unless the COA came with it, and by then the original bill of sale is long gone. The main problem is you will always have people buying bad stuff because the bottom line is they think they are getting a good deal. And as long as people are willing to shell out good money for bad items, C.C. will continue to operate which is very unfortunate.
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#8
06-23-2009, 01:01 PM
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There is a very good reason that most class action lawsuits are against huge corporations. They have assets. Class actions are almost always settled with the lawyers getting substantial fees and the thousands of claimants getting a few bucks or discount coupons and the like. Off the top of my head, I would say you have to first determine what assets Coach's Corner has. It is a Limited Liability Company and probably pays most of its profits in salary and benefits to avoid taxes. Then determine whether the owners have substantial assets and whether it is likely you could "pierce the corporate veil" to get to the owners' assets. Then, you have to advertise in hobby publications to recruit class members. It is lengthy process with no guarantee of any return. I would think that criminal prosecution would be the better way to go.
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