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Whatever happened with the PCGS lawsuit against the coin docs?

BarryBarry Posts: 10,100 ✭✭✭
in U.S. Coin Forum
Haven't heard anything for a while...

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    CameonutCameonut Posts: 7,436 ✭✭✭✭✭
    As we learned from the Langbord lawsuit, the wheels of justice turn ever so slowly.........................

    “In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson

    My digital cameo album 1950-64 Cameos - take a look!

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    GoldenEyeNumismaticsGoldenEyeNumismatics Posts: 13,187 ✭✭✭
    last I heard, PCGS lost.
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    derrybderryb Posts: 38,621 ✭✭✭✭✭
    I believe they were saved by the new health care reform.

    "Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong

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    BarryBarry Posts: 10,100 ✭✭✭


    << <i>last I heard, PCGS lost. >>


    So it went to trial?
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    WTCGWTCG Posts: 8,940 ✭✭✭
    Dismissed.
    Follow me on Twitter @wtcgroup
    Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
  • UnknownUnknown
    This content has been removed.
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    messydeskmessydesk Posts: 20,835 ✭✭✭✭✭


    << <i>Dismissed. >>


    image
    John
    Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
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    truthtellertruthteller Posts: 1,240 ✭✭
    The case was dismissed without prejudice in Federal court. PCGS has the option to refile the case in State Court. I do not know if that was done.



    TRUTH
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    johnny9434johnny9434 Posts: 34,278 ✭✭✭✭✭
    there more then likely looking at it again to see if its worth it <shrugs>
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    SanctionIISanctionII Posts: 13,218 ✭✭✭✭✭
    Lawsuits can be exceedingly time consuming, expensive, tedious and hard to prove. Especially if the lawsuit includes fraud claims. Heck, even breach of contract claims are difficult.

    Then you have to consider what you will actually obtain/recover if you go through a lawsuit and win the case. Winning a case is hard enough. Collecting/recovering whatever it is that you win is even more difficult [especially if it is money awarded against someone who can not pay or will not pay]. Then you also have to consider what you are at risk of losing if you go through a lawsuit and lose the case.
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    JupitarCoinsJupitarCoins Posts: 2,595 ✭


    << <i>

    << <i>Dismissed. >>


    image >>



    Very interesting!!!
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    golfer72golfer72 Posts: 3,588
    I think there are far more important issues for the courts to be dealing with than the PCGS lawsuit.
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    MarkMark Posts: 3,648 ✭✭✭✭✭
    Yes, there are far more important issues in the courts than the PCGS lawsuit. But equally well there are far less important issues in the courts. I hope PCGS continues its endeavors to limit coin doctors.
    Mark


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    BarryBarry Posts: 10,100 ✭✭✭


    << <i>Lawsuits can be exceedingly time consuming, expensive, tedious and hard to prove. Especially if the lawsuit includes fraud claims. Heck, even breach of contract claims are difficult. >>


    Wasn't that the purpose of the suit - the deeper pockets sending a message to the wrongdoers?
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    dbcoindbcoin Posts: 2,200 ✭✭
    I wonder if PCGS ever returned the coins they were holding from the Dr's
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    PerryHallPerryHall Posts: 47,784 ✭✭✭✭✭


    << <i>I think there are far more important issues for the courts to be dealing with than the PCGS lawsuit. >>



    You do know that the coin hobby is a multi-million dollar industry, don't you? Considering the amount of money involved this is an important issue.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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    lkeigwinlkeigwin Posts: 16,895 ✭✭✭✭✭


    << <i>I think there are far more important issues for the courts to be dealing with than the PCGS lawsuit. >>

    What does this mean, anyway?
    Lance.
    Coin Photography Services / Everyman Registry set / BHNC #213

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