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Philadelphia Jury Awards $10 Million in Defamation Case Against Comic Book Grading Company

Philadelphia Jury Awards $10 Million in Defamation Case Against Comic Book Grading Company

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Nishica Srivastava
July 30, 2024
Philadelphia Jury Awards $10 Million in Defamation Case Against Comic Book Grading Company

Meyers et al. v. Certified Guaranty Company, LLC

On July 23, 2024, the Philadelphia jury returned a $10 million verdict in favor of Matthew and Emily Meyers in an eight-year-long defamation case after finding that Certified Guaranty Company had knowingly spread false information about the Meyers' business.

Case Background

On December 13, 2016, Matt and Emily Meyers filed a suit for defamation and false light before the Philadelphia County Court of Common Pleas against Certified Guaranty Company, a leading grader in the world of comic books. Judge Abbe Fletman presided over this case. [Case number: 161201182]

Cause

Plaintiffs Matthew Meyers and Emily Meyers, principals of Investment Grade Books, LLC (IGB), filed a defamation lawsuit against Defendants. Matthew Nelson, President of Classic Collectible Services (CCS) and main grader for Certified Guaranty Company LLC (CGC), and Heritage Auctions Inc., the largest auction house for collectible comic books, were the Defendants. Heritage Auctions shared management with CGC. IGB, founded by the Meyers, specialized in restoring high-quality classic comic books for resale, with collectors paying over a quarter of a million dollars for some restored comics. As the sole employees, the Meyers handled all aspects of restoration and sales. CGC, the most influential grading company for collectible comic books, also operated "Collector's Soci

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Categories

Tags

DEFAMATION
civil conspiracy
false light
intentional interference with existing business relations
intentional interference with prospective contractual relations
defamation