PSA and Parent Company Sued in Class Action Lawsuit
PSA and its parent company Collectors Holdings, Inc. have been sued in a class lawsuit by Baltimore man Nicholas Funk, alleging fraudulent practices and RICO violations. The 188-page lawsuit, filed in Northern. . .
PSA and its parent company Collectors Holdings, Inc. have been sued in a class lawsuit by Baltimore man Nicholas Funk, alleging fraudulent practices and RICO violations. The 188-page lawsuit, filed in Northern Division U. S. District Court for the District of Maryland on July 28, 2026, is filed by a plaintiff who submitted cards for grading via an intermediary, which the suit alleges exempts him and similar members of the proposed class from arbitration clauses and class action waivers in the agreements that PSA clients that submit cards for grading directly must sign. The suit alleges that PSA has "undisclosed error rates, inconsistent grades, and distorted population reports," and that PSA’s relationships with other Collectors Holdings companies allows them to profit from PSA’s activities. This organized activity, the suit alleges, constitutes RICO violations. The plaintiffs are seeking a permanent injunction against PSA continuing to engage in the alleged fraudulent activity and deceptive conduct. They are also seeking restitution, interest, punitive damages, attorneys’ fees and other relief. PSA is grading record numbers of cards in the midst of red-hot sports card and TCG markets (see "Grading Submission Backlog"). New Products On the Way in Q4 2026 Going Through Q2 2027August 4, 2026Riot Games offered new updates on the future ofRiftbound TCG. 40-Card Monocolor Decks Head to Stores Soon; Card Images IncludedAugust 4, 2026Wizards of the Coast teasedThe Hobbit: Welcome DecksforMagic: The Gathering. Ahead of TV Adaptation in Fall 2026August 4, 2026The Amazon/MGM Studios adaptation of the series will launch in fall 2026. First Volume in New YA Graphic Novel SeriesAugust 4, 2026Like theirTeen Titansbooks, Kami Garcia and Gabriel Picolo'sYoung Justicewill be a YA graphic novel series.