Sometimes theres more to a story than meets the eye.

GOODLIEU

Collectors Universe, Inc. (Nasdaq: CLCT - News), a leading provider of value-added authentication and grading services to dealers and collectors of high-value collectibles and diamonds, has announced that the Orange County, California trial judge presiding over the action brought against the Company by a former employee, William Miller, has issued a final judgment that the statutory damages owed to plaintiff under California Civil Code Section 3344 are $0.00.

The judgment was entered pursuant to an agreement reached by the parties. The judgment also provides for the Collector's Universe to pay Miller the sum of $14,060, which the jury found were the profits earned by Collector's Universe for the use of Miller's name, and for Miller to pay Collector's Universe the sum of $37,812, representing the aggregate principal amount of certain loans that Collector's Universe had made to Miller while he was employed by Collector's Universe, but which he had failed to repay.

ranger63

wonder if joe would float me a few bucks for the holiday season?

jaxxr

It seem a bit odd there is not MORE talk/comments on this subject.

If the information aforementioned is correct, it appears CU has actually gained some net income from this situation.

When first brought up, there were many statements made regarding the improper use of Miller as an authenticator, mostly negative. Many thoughts that a possible extreme setlement against CU was the beginiing of it's demise.

Perhaps some stories are less likely to meet some eyes.

RipublicaninMass

There was more talk, this Month's "we don't need no freakin' more DNA experts" artcle.

WinPitcher

The reason this thread has not met with more replies is a simple one. All those that posted negatively then, have to remain quiet now. Some call it having to eat crow. The biggest eaters are of course the lawyers that at first, raved about a multi million dollar settlement. In any event Officer Goodlieu is correct in that there is more to the story then meets the eye.


Steve

Bosox1976

Or perhaps the courts view our hobby/industry as no big deal. Judgement against CU on many counts - but actual damages are zero?

Much ado about nothing I guess, but it is interesting how people came out of the woodwork to opine either for or against CU on this topic.

Gotta love the corporate big shots who get to take loans from a company, and need a judge to force them to repay them too.