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Tuesday, August 20, 2019

Lawsuit against Noblespirit says it has lost or stolen $1.4M in stamps

Federal Court

By Carrie Bradon | Jul 18, 2019


Hanson

OAKLAND, Calif. (Legal Newsline) – A California stamp collector alleges a brokerage house he contracted to sell the collection failed to remit payment and still has not returned more than 2,000 stamps to him after he terminated their agreement.

Klaus Permer filed a complaint on July 10 in the U.S. District Court for the Northern District of California against Noblespirit LLC and Joe Cortese, alleging breach of contract, conversion, fraud, financial elder abuse and negligence.

The plaintiff alleges he and his father started a stamp collection when he was a child in the 1940s and the full collection contains more than 250,000 stamps ranging from the 1800s to the 1970s.

On April 26, 2018, the plaintiff alleges he contacted Noblespirit about the sale of his extensive stamp collection and Cortese took possession of it. The suit states Noblespirit has sold a small part of the collection but has not provided compensation or an accounting to the plaintiff.

The plaintiff alleges he terminated the agreement in December 2018, but the defendants withheld the complete return of the plaintiff's property. The plaintiff alleges he is awaiting payment of $41,793.60 and that the defendants have lost, misappropriated, converted and/or stolen more than 2,000 stamps worth an estimated $1.4 million.

The plaintiff is seeking compensatory and actual damages, interest, punitive damages, attorneys' fees, costs of the suit and other relief deemed fit. The plaintiff is represented by William Hanson of the Law Offices of William G. Hanson of Walnut Creek, California.

U.S. District Court for the Northern District of California case number 4:19-CV-03965

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U.S. District Court for the Northern District of California, Oakland Division

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