By David Ganz – Numismatic News

Numismatic Guaranty Corp. reached settlement terms in a class action suit brought against it by a Florida collector. Still subject to court approval in November, the terms would give Florida collector Tom Francisco $7,500 for his troubles, Florida attorneys will receive $195,000 for representation, and the American Numismatic Association $447,500 for consumer education.

Francisco brought his case last year in the U.S. District Court for the Southern District of Florida, Miami Division, as a class action lawsuit entitled Thomas Francisco v. Numismatic Guaranty Corporation of America d/b/a NGC.

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