PSA Card Grading Faces Class Action Over Inconsistent Grades and Fees
A U.S. user, Nicholas Funk, filed a class action lawsuit against card grading service PSA and parent company Collectors Holdings on July 28 in Maryland federal court. The suit claims PSA's grading is subjective and inconsistent, and that its fee structure encourages resubmission. It also alleges a conflict of interest because Collectors Holdings profits from card trading and storage.