Quoted from cooked71:Stern are lucky they don't have any sizeable competition, or an issue like this, and more importantly how they have handled it, would do serious damage to a company. The fact it is doing damage without much competition shows how badly it has been managed.
Ironically it's also the lack of competition that has encouraged them to address this issue in such an in such arrogant way.
The days of addressing each issue case by case, behind closed doors, and "don't tell any other collectors about it", are gone. This is going to have to be a blanket fix - it's too widespread.
I still can't believe they haven't publicly addressed it. The whole thing would have been a non issue if they had come out early with a broad statement that they are aware of the problem, they are looking into it, and they will address it. How hard is that?
It's as hard as driving to the courthouse. As Vid pointed out a while back, I am sure they have been advised by legal counsel not to discuss it. Once they publicly acknowledge the issue, they open themselves up for all sorts of claims. I'll even bet when they do start addressing the issue, it will be done verbally, and individually. They don't want to write an email or letter that will make it's way to social media. If I make a post that says they are aware and looking into the issue, they are not liable because they cannot control what I post. If they put something in writing, then folks have a lot of ammo. This goes back to what I said before about social media....people posting about the issue brought it to a head with Stern, and are forcing them to correct it. But the same social media will severely hinder any fix, because they are never dealing with one person anymore....they are dealing with dozens.