At this point, I would be more concerned about the source of funding for a defense to such a suit. Let's hope it doesn't precipitate a restructuring of PCGS fees.
<< <i>I have been practicing law in California for about 29 years. Everytime I hear or see information about a "class action lawsuit" and he outcome of same I cringe. The same result happens over and over.
A lawsuit is filed and for it to become a class action lawsuit [where specific named plaintiffs who have been wronged file suit on behalf of themselves and other persons who have also been wronged in the same manner] the court must be asked to certify the case as being one that is properly labeled a "class action". If the court certifies the case as a calss action, then anyone who falls within the "class" of effected parties [for example a consumer who got overcharged $100.00 by a car dealership on deductibles for warranty covered repairs] is bound by the outcome of the case, even if they are not a named party to the case.
Once a case is certified as a class action, it always proceeds down a path where a settlement is reached. The settlement results in the defendant paying money to settle claims [most of which is applied to pay the attorneys fees and costs incurred by the attorneys representing the plaintiffs in the lawsuit] and promising to not do the same thing in the future. The actual class members may receive a $10.00 coupon good for use the next time that they patronize the defendant's business.
Class action lawsuits are primarily vehicles through which small dollar amount/minor wrongdoing inflicted upon vast numbers of people are redressed. The redress is spanking the defendant, getting the defendant to stop doing the bad acts and generating large fees for the attorneys who file the class action lawsuits.
The advertising in Coin World by the baby lawyers [recently out of law school and recently admitted to the state bar] soliciting clients who have been victimized by PCGS to contact them about being part of a class action lawsuit makes me think of attorneys who are "ambulance chasers" and who hang out in hospital emergency rooms and at memorial/funeral services looking slumming for new clients >>
AHH! How true. Not knowing any better, I once joined a "class action" lawsuit against a corporation after losing several thousand dollars on their common stock, after it was revealed that certain directors of the company "cooked" the books, among other mis-deeds. Anyway, after 7+ years, I was sent a check for $7.00. I noted that the attorney fees amounted to over $3,000,000.00. Never again.
I'm the Proud recipient of a genuine "you suck" award dated 1/24/05. I was accepted into the "Circle of Trust" on 3/9/09.
<< <i>What could their counter-suit possibly be? That the guarantee didn't reimburse the cost of lasers, putty, and a magnifying glass? >>
Funny.
I joined a class action once for the stock in MPPP (MP3 corporation). I invested maybe $3000 and lost a little. I got a check for almost $500 which was way more than I lost. I cashed it.
mp3.com? I was convinced they would have been the record label of the twenty-first century. I was really surprised when they joined the rest of the dotcom bust. I discovered several favorite rock groups through them--bands like The Moors or Abney Park, groups that aren't on the radio but should be. I think they'd have survived if they had not experimented with the "mp3 locker" feature that got them sued to oblivion.
Improperly Cleaned, Our passion for numismatics is Genuine! Now featuring correct spelling.
<< <i>Making such an announcement on this forum is like preaching to the choir. Mainstream collectors who aren't CU members may or may not feel the same way. Class action suits are not usually brought unless the petitioners think they have at least some reasonable chance of winning. I think disparaging someone just because they are fresh out of law school is foolish. Every lawyer has to start somewhere and taking these two lawyers lightly or laughing them off might be a mistake. Just my opinion. >>
Were all of the above comments directed at David Hall, or just the initial remark? If so, I don't understand. I didn't read his post as being disparaging to the attorneys, taking them lightly or laughing them off. >>
Only the initial sentence referred to the original post. The rest was directed at others who seem to think that new lawyer=incompetent lawyer.
<< <i>Making such an announcement on this forum is like preaching to the choir. Mainstream collectors who aren't CU members may or may not feel the same way. Class action suits are not usually brought unless the petitioners think they have at least some reasonable chance of winning. I think disparaging someone just because they are fresh out of law school is foolish. Every lawyer has to start somewhere and taking these two lawyers lightly or laughing them off might be a mistake. Just my opinion. >>
Were all of the above comments directed at David Hall, or just the initial remark? If so, I don't understand. I didn't read his post as being disparaging to the attorneys, taking them lightly or laughing them off. >>
Only the initial sentence referred to the original post. The rest was directed at others who seem to think that new lawyer=incompetent lawyer. >>
The term "baby lawyers" carries with it no negative or positive connotation. It merely means someone who recently passed the bar exam and obtained his/her license to practice law.
Every lawyer is a "baby lawyer" at one time.
You can be brilliant and extremely effective at what you do, even as a baby lawyer.
Conversely, you can be a decades long practicioner and be an absolute idiot that is a hazard to the public.
Comments
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
2. Attorneys who advertise don't have to "chase ambulances", the clients come to them.
<< <i>I have been practicing law in California for about 29 years. Everytime I hear or see information about a "class action lawsuit" and he outcome of same I cringe. The same result happens over and over.
A lawsuit is filed and for it to become a class action lawsuit [where specific named plaintiffs who have been wronged file suit on behalf of themselves and other persons who have also been wronged in the same manner] the court must be asked to certify the case as being one that is properly labeled a "class action". If the court certifies the case as a calss action, then anyone who falls within the "class" of effected parties [for example a consumer who got overcharged $100.00 by a car dealership on deductibles for warranty covered repairs] is bound by the outcome of the case, even if they are not a named party to the case.
Once a case is certified as a class action, it always proceeds down a path where a settlement is reached. The settlement results in the defendant paying money to settle claims [most of which is applied to pay the attorneys fees and costs incurred by the attorneys representing the plaintiffs in the lawsuit] and promising to not do the same thing in the future. The actual class members may receive a $10.00 coupon good for use the next time that they patronize the defendant's business.
Class action lawsuits are primarily vehicles through which small dollar amount/minor wrongdoing inflicted upon vast numbers of people are redressed. The redress is spanking the defendant, getting the defendant to stop doing the bad acts and generating large fees for the attorneys who file the class action lawsuits.
The advertising in Coin World by the baby lawyers [recently out of law school and recently admitted to the state bar] soliciting clients who have been victimized by PCGS to contact them about being part of a class action lawsuit makes me think of attorneys who are "ambulance chasers" and who hang out in hospital emergency rooms and at memorial/funeral services looking slumming for new clients
AHH! How true. Not knowing any better, I once joined a "class action" lawsuit against a corporation after losing several thousand dollars on their common stock, after it was revealed that certain directors of the company "cooked" the books, among other mis-deeds.
Anyway, after 7+ years, I was sent a check for $7.00. I noted that the attorney fees amounted to over $3,000,000.00. Never again.
<< <i>1. What is "The Sniffer"?
2. Attorneys who advertise don't have to "chase ambulances", the clients come to them. >>
Adrian, you still know how to do forum and other types of searches, right? In case not: See here about the "sniffer"
You mean like using boolean search methodologies involving symbolic logic such as used on Lexis/Nexis, and other databases?
Sorry, never heard of 'em. Wish I haddenuh drop out of high school
<< <i>What could their counter-suit possibly be? That the guarantee didn't reimburse the cost of lasers, putty, and a magnifying glass? >>
Funny.
I joined a class action once for the stock in MPPP (MP3 corporation). I invested maybe $3000 and lost a little. I got a check for almost $500 which was way more than I lost. I cashed it.
<< <i>
<< <i>Making such an announcement on this forum is like preaching to the choir. Mainstream collectors who aren't CU members may or may not feel the same way. Class action suits are not usually brought unless the petitioners think they have at least some reasonable chance of winning. I think disparaging someone just because they are fresh out of law school is foolish. Every lawyer has to start somewhere and taking these two lawyers lightly or laughing them off might be a mistake. Just my opinion. >>
Were all of the above comments directed at David Hall, or just the initial remark? If so, I don't understand. I didn't read his post as being disparaging to the attorneys, taking them lightly or laughing them off. >>
Only the initial sentence referred to the original post. The rest was directed at others who seem to think that new lawyer=incompetent lawyer.
RIP Mom- 1932-2012
<< <i>
<< <i>
<< <i>Making such an announcement on this forum is like preaching to the choir. Mainstream collectors who aren't CU members may or may not feel the same way. Class action suits are not usually brought unless the petitioners think they have at least some reasonable chance of winning. I think disparaging someone just because they are fresh out of law school is foolish. Every lawyer has to start somewhere and taking these two lawyers lightly or laughing them off might be a mistake. Just my opinion. >>
Were all of the above comments directed at David Hall, or just the initial remark? If so, I don't understand. I didn't read his post as being disparaging to the attorneys, taking them lightly or laughing them off. >>
Only the initial sentence referred to the original post. The rest was directed at others who seem to think that new lawyer=incompetent lawyer. >>
Thanks.
Every lawyer is a "baby lawyer" at one time.
You can be brilliant and extremely effective at what you do, even as a baby lawyer.
Conversely, you can be a decades long practicioner and be an absolute idiot that is a hazard to the public.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.