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wow...this could hurt

todays news:

Former Collectors Universe Executive Wins $10.5 Million Verdict; Boudreau, Albert & Wohlfeil Represents Plaintiff
11/9/2005 8:03:01 AM










SANTA ANA, Calif., Nov 09, 2005 (BUSINESS WIRE) -- Boudreau, Albert & Wohlfeil LLP announced today that an Orange County jury awarded a former executive of Collectors Universe, William Miller, with awards that could total in excess of $10.5 million against Collectors Universe (CLCT). The jury found that Collectors Universe used Miller's name on 14,060 Certificates of Authenticity without his permission.







"We are grateful that the jury saw fit to hold Collectors Universe accountable for its actions," said Andrew Albert, lead attorney on the case and partner at the law offices of Boudreau, Albert & Wohlfeil LLP. "Their verdict is an important step in allowing Bill to reclaim his good name and to protect the public from false authentication services."

In his suit, filed August 2004, Miller alleged that Collectors Universe placed his name and signature on Certificates of Authenticity which indicated that he had examined items being authenticated, when, in fact, he had never performed a single authentication for the company's PSA/DNA Division, under which the certificates were issued.

Miller's suit alleged violation of his right to privacy by misappropriating his name. Under California Civil Code section 3344 compensatory damages of $750 per unauthorized use are presumed. In addition, court costs and attorney's fees are recoverable. The jury found that Miller had been harmed by Collectors' unauthorized use of his name.

The court has previously ruled in the first phase of the trial that for each unauthorized use of his name, Miller may recover $750. The jury also awarded Miller Collector's profits made through the use of his name. Attorney's fees may also be added to the judgment.

Miller said he feels vindicated by the clear-cut jury verdict. "It's horrible enough to have your name taken from you purely for someone else's financial gain, but it's another thing to be used as a pawn to deceive or even defraud the public. For the rest of my life, I will live with the uncomfortable feeling that at any time I might be held responsible for someone who authenticated an autograph I never looked at. When an item turns out to be not genuine, as we have already found to be the case in a number of instances, it's my name which will bear the responsibility and my reputation, carefully built over 15 years, which will be damaged."

SOURCE: Boudreau, Albert & Wohlfeil LLP

Heying & Associates
Jade Berggren, 619-295-9262
jberggren@heying.com


Copyright Business Wire 2005

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Comments

  • GriffinsGriffins Posts: 6,076 ✭✭✭
    I"m betting under 2 hours til Poof!

    Always looking for Topps Salesman Samples, pre '51 unopened packs, E90-2, E91a, N690 Kalamazoo Bats, and T204 Square Frame Ramly's

  • BugOnTheRugBugOnTheRug Posts: 1,611 ✭✭✭
    I wonder how long this tread will last................... oh ok, under 2 hours.
  • seinbigdseinbigd Posts: 206 ✭✭
    Let's see... $10.5MM divided by $6.00 grading fee per cardimage...

    that's the gross revenue generated from grading 1,750,000 cards!image
  • 19541954 Posts: 2,898 ✭✭✭
    No big deal on that. They have a $10,000,000 liability policy has cost them $6,000 a year. No big deal.

    SL
    Looking for high grade rookie cards and unopened boxes/cases
  • BugOnTheRugBugOnTheRug Posts: 1,611 ✭✭✭
    so does this $6K policy suddenly get more expensive?
  • 19541954 Posts: 2,898 ✭✭✭
    Some times the insurance company will non-renew the business when it is such a large loss. Not all the time does this occur, however if there is any type of illegal behavior by the insured the insurance company can deny the claim. Let's hope that this is not the case.

    1954
    Looking for high grade rookie cards and unopened boxes/cases
  • RG58RG58 Posts: 119
    I was not aware that PSA graders/ authenticators were millionaires. Damn, I went into the wrong business. Do they offer a degree in authentication in most colleges because I'm headed back if I can get 750$ per certificate?!
  • DaBigHurtDaBigHurt Posts: 1,066 ✭✭
    I think it's important to remember in this dark hour that PSA and PSA/DNA are the FOREMOST trained and certified experts in the field of sports cards grading and autograph authentication. I'm sick and tired of these frivolous lawsuits filed by ambulance chasers looking to bring down big successful companies.

    We should keep in mind that nowhere in that lawsuit does it say the autographs were forgeries. A letter of authenticity from PSA/DNA is worth its weight in gold and that's all that matters. image
    image

    GO MARLINS! Home of the best fans in baseball!!
  • gregm13gregm13 Posts: 5,798 ✭✭✭


    << <i>I think it's important to remember in this dark hour that PSA and PSA/DNA are the FOREMOST trained and certified experts in the field of sports cards grading and autograph authentication. I'm sick and tired of these frivolous lawsuits filed by ambulance chasers looking to bring down big successful companies.

    We should keep in mind that nowhere in that lawsuit does it say the autographs were forgeries. A letter of authenticity from PSA/DNA is worth its weight in gold and that's all that matters. image >>



    I think the definition of a frivolous lawsuit is one that has no basis in law.

    Greg M.
    Collecting vintage auto'd fb cards and Dan Marino cards!!

    References:
    Onlychild, Ahmanfan, fabfrank, wufdude, jradke, Reese, Jasp, thenavarro
    E-Bay id: greg_n_meg
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