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<p>[QUOTE=&quot;GDJMSP, post: 3278460, member: 112&quot;]CasualAg$ - this is an old issue, dating back to 2006.</p><p><br /></p><p><a href="https://www.cointalk.com/threads/pcgs-and-ngc-get-sued-over-first-strikes.19680/" class="internalLink ProxyLink" data-proxy-href="https://www.cointalk.com/threads/pcgs-and-ngc-get-sued-over-first-strikes.19680/">https://www.cointalk.com/threads/pcgs-and-ngc-get-sued-over-first-strikes.19680/</a></p><p><br /></p><p><a href="http://www.washingtonpost.com/wp-dyn/content/article/2006/12/17/AR2006121700411_pf.html?noredirect=on" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.washingtonpost.com/wp-dyn/content/article/2006/12/17/AR2006121700411_pf.html?noredirect=on" rel="nofollow">http://www.washingtonpost.com/wp-dyn/content/article/2006/12/17/AR2006121700411_pf.html?noredirect=on</a></p><p><br /></p><p>Short and sweet, NGC agreed to settle the suit, with NGC paying $650,000 in damages. One third went to the plaintiff&#039;s lawyer, $7500 to the plaintiff, and the balance went to the ANA. NGC also agreed to stop using the First Strike designation and instead used the Early Release designation from that point on.</p><p><br /></p><p>PCGS also settled their side of the lawsuit, but to the best of my knowledge the details of the settlement were never made public. And they still use the First Strike designation.</p><p><br /></p><p>That&#039;s the thing about lawsuits, they usually end up getting settled because all parties know that carrying them out to their conclusion only ends one way - with it costing everybody more in legal fees than they are willing to pay. So they take the cheaper way out and simply settle. With nothing more ever happening.[/QUOTE]</p><p><br /></p>

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