The long-running battle between a former employee and Collectors Universe, parent company of PSA/DNA is over.
Collectors Universe, Inc. and former company authenticator William Miller have settled a dispute that began several years ago and reached the California Supreme Court.
Collectors Universe reported Wednesday that it had executed a settlement and release agreement with Miller for zero damages.
The agreement, according to CU, provides for a complete release by each party of all known and unknown claims it has or may have against the other regarding the lawsuit that Miller had brought against the company in 2004. Miller originally sought alleged statutory damages from the company of up to approximately $10.5 million based on a claim that the company had used his name, allegedly without his consent, on authentication certificates.
The released claims include pending claims brought by each party seeking to recover its legal fees and expenses.
At issue in the case were autograph COAs bearing Miller’s name distributed to PSA/DNA customers during a period after Miller had left the company. Miller claimed his reputation had been harmed by the issuance of the COAs with his signature since he did not inspect the items associated with them. He sued CU, claiming that he was entitled, under California law, to damages of $750 for each alleged use of his name by Collectors Universe without his consent. Miller also believed he was entitled to statutory damages of for each of the 14,060 COAs printed, a figure totalling $10.5 million.
Earlier this year, a California Appellate Court ruled instead that even if Miller could prove that his name was used, without his consent, on all 14,060 authentication certificates, such use would constitute, at most, a single violation of the statute in question and, therefore, Miller could recover no more than a total of $750.00 in statutory damages. Miller then filed a petition with the California Supreme Court asking that Court to review and overturn the Appellate Court’s decision. The Supreme Court denied Miller’s petition.
"This is the end of the Miller case and we are pleased that the Courts have consistently agreed with our position in the matter," stated Michael Haynes, Chief Executive Officer. "Collectors Universe will continue to aggressively defend any claims from any source, including those sources that would disagree, for their own gain, with our independent, third party view of authenticity and quality."