Creator Drama
PSA Class Action Lawsuit
Ongoing
Photo: SHOX ART, Pexels All clips and posts below are embedded from their original sources.
By the numbers: this timeline documents 8 events from Feb 1, 2024 to Jul 30, 2026, drawn from 3 sources.
“The primary driver behind this temporary suspension was the recent and rapid surge in demand that eclipsed what had already been record levels,”
via nytimes.com
Background
The trading card grading industry has faced criticism and controversy in recent years, with allegations of inconsistent grading practices and conflicts of interest. PSA, one of the largest and most well-known grading companies, has been at the center of these allegations.
Collectors Holdings, PSA's parent company, has been expanding its operations and acquiring other grading companies, leading to concerns about monopolization and anticompetitive practices. The company has also faced criticism for its business practices, including its handling of customer submissions and its grading fees.
The timeline
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Collectors Holdings Acquires SGC
Collectors Holdings, PSA's parent company, acquired SGC, a rival grading company, in a move that has reportedly raised concerns about monopolization and anticompetitive practices.[2]
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Collectors Holdings Acquires Beckett
Collectors Holdings acquired Beckett, another rival grading company, further expanding its operations and reportedly raising concerns about monopolization and anticompetitive practices.[2]
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Rasmussen v. Collectors Holdings Lawsuit Filed
A lawsuit was filed against Collectors Holdings, alleging anticompetitive practices and seeking a forced divestiture of PSA, SGC, and Beckett.[2]
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PSA Pauses Service Tiers Due to Backlog
PSA announced that it would be pausing four service tiers due to an overwhelming backlog of submissions, which, according to the company, has been driven by a significant increase in submissions for Pokémon and other popular trading card games.[3]
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PSA Backlog Reaches 10 Million Cards
The backlog of submissions at PSA has reportedly reached 10 million cards, with the company announcing that it would be pausing service tiers and extending turnaround times.[3]
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Class Action Lawsuit Filed Against PSA
A proposed class action lawsuit was filed against PSA and its parent company, Collectors Holdings, alleging misleading business practices and widespread fraud in the trading card grading industry.[1]
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Allegations of Fraud and Misleading Business Practices
The lawsuit alleges that PSA's grading process is inconsistent and financially conflicted, and that the company has misled customers about its grading practices.[1]
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Lawsuit Against PSA and Collectors Holdings Ongoing
The class action lawsuit against PSA and its parent company, Collectors Holdings, is ongoing, with the plaintiff reportedly seeking class action certification, monetary damages, and changes to PSA's business practices.[1]
Frequently asked
What is the class action lawsuit against PSA and Collectors Holdings about?
The lawsuit alleges that PSA's grading process is inconsistent and financially conflicted, and that the company has misled customers about its grading practices.
What is Collectors Holdings and how is it related to PSA?
Collectors Holdings is the parent company of PSA, and has been expanding its operations and acquiring other grading companies, leading to concerns about monopolization and anticompetitive practices.
What is the current status of the lawsuit?
The lawsuit is ongoing, with the plaintiff seeking class action certification, monetary damages, and changes to PSA's business practices.
More related drama (4)
Sources (3)
- dexerto.com, A proposed class action lawsuit has been filed against Professional Sports Authenticator (PSA) and parent company Collectors Holdings, accusing the trading card grading giant of misleading customers a, Jul 30, 2026.
- aol.com, A big shocker for all PSA customers: The trading card world faces a major shakeup as corporate acquisitions trigger federal scrutiny and legal battles. Collectors Holdings recently integrated its bigg, Jul 30, 2026.
- nytimes.com, Trading card grading leader Professional Sports Authenticator (PSA) has paused four service levels due to an overwhelming backlog of submissions, the company announced Thursday.Effective June 2, PSA i, Jul 30, 2026.
Cite this timeline
This timeline compiles 8 dated events from 3 sources. If it helped your reporting, cite it:
GenZHype. “PSA Class Action Lawsuit.”
GenZHype, 26 September 2026,
https://genzhype.com/drama/psa-class-action-lawsuit/.