UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of
The
Securities Exchange Act of 1934
Date
of
Report (Date of earliest event
reported): September 4,
2007
COLLECTORS
UNIVERSE, INC.
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(Exact
name of registrant as specified in its
charter)
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Delaware
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0-27887
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33-0846191
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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1921
E. Alton Avenue, Santa Ana, California
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92705
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area
code:
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(949)
567-1234
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N/A
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(Former
name or former address, if changed since last
report)
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Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
£ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
£ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
£ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
£ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
ITEM
7.01 Regulation
FD Disclosure
On
September 4, 2007, Collectors Universe, Inc. reported that the Appellate
Court
has issued its decision in the William Miller case, ruling that, contrary
to
Miller’s assertions, he is not entitled to statutory damages of $10.5
million.
As
previously reported, Miller argued that he was entitled, under California
law,
to statutorily prescribed damages of $750 for each alleged use of his name
made
by Collectors Universe without his consent and that, since Miller claims
that
his name appeared on 14,060 authentication certificates issued by Collectors
Universe, he was entitled to statutory damages of $750.00 times 14,060, or
approximately $10.5 million in total. The Appellate Court ruled,
instead, that the use of his name constituted, at most, a single violation
of
the statute in question and, therefore, Miller is not entitled to multiply
$750.00 by the number of times his name was used. The Appellate Court
also ruled that Miller has the right to seek a retrial - in which he may
attempt
to prove that Collectors Universe violated the statute at issue or common
law,
and if so, how, if at all, he was damaged by Collectors Universe – but that in
any such retrial he cannot seek to multiply $750.00 by the number of times,
if
any, that Collectors Universe used his name without his consent. We
cannot predict whether Miller will pursue a new trial.
The
Appellate Court’s decision becomes final in 30 days. During that
period, Miller could petition the Appellate Court to reconsider its
decision. At the end of the 30-day period, Miller will have a period
of 10 days within which to file a petition for review by the California Supreme
Court.
In
accordance with General Instruction B. 2 of Form 8-K, the information in
this
Current Report, including Exhibit 99.1 hereto, is being furnished and shall
not
be deemed "filed" for purposes of Section 18 of the Securities Exchange Act
of
1934, as amended, or otherwise subject to the liabilities of that Section,
nor
shall such information be deemed incorporated by reference in any filing
under
the Securities Act of 1933, as amended.
ITEM
9.01 Financial Statements
and Exhibits
(d) Exhibits.
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Exhibit
No.
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Description
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99.1
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Press
release issued by Collectors Universe on September 4, 2007 announcing
that
the Appellate Court has issued its decision in the William Miller
case,
ruling that, contrary to Miller’s assertions, he is not entitled to
statutory damages of $10.5 million.
|
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this Current Report to be signed on its behalf by the undersigned,
hereunto duly authorized.
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COLLECTORS
UNIVERSE, INC.
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Dated: September
4, 2007
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By:
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/s/
JOSEPH J. WALLACE
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Joseph
J. Wallace, Chief Financial Officer
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EXHIBIT
INDEX
Exhibit
No.
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Description
|
|
|
|
|
|
Press
release issued by Collectors Universe on September 4, 2007 announcing
that
the Appellate Court has issued its decision in the William Miller
case,
ruling that, contrary to Miller’s assertions, he is not entitled to
statutory damages of $10.5 million.
|