PayPal Settles Class Action Lawsuit

ephidryn writes "I just received a notice from paypal which indicates that I may be involved in a class action lawsuit against paypal. Apparently two PayPal users, Roberta Toher and Jeffrey Resnick, filed two seperate lawsuits that were later combined into one class action suit. ZDNet has a story that notes: "PayPal said it would pay a total of $9.25 million to settle the federal class-action suit..." I'm so ready to receive my check for $0.35US" kai5263499 adds "The settlement states that anyone who opened an account between Oct 1, 1999 and Jan 1, 2004 is elegible to participate in the settlement. According to their Plan of Allocation you can fill out a short form or a long form to sign up."

Comments

Watch out!

[DJ-Dodger]

Sounds like another one of those phishing scams to me! ;)

Re:Legal Fees

[DaHat]

I always knew I should have gone into law.

Short form Vs Long Form

[Roofus]

you can fill out a short form or a long form to sign up.

I can do either a short form or a long form? That's like saying:
1) I can be the recipient of a swift kick to the nuts
2) or I can have some ice cream.

I wonder which one I want to choose.....

Office space

[ZeroExistenZ]

eBay now rounds a bill of $30.78 up to $30.80. Despite the fact that the system tacks on only a few cents to each transaction, the customers said the additional charges add up over time.

Sounds familiar

Re:What would you do with 35c?

[amliebsch]

The world doesn't like the US. We'd be better off without you.

Hey, wait a minute...you can't presume to lecture us on behalf of the rest of the entire world.

That's France's job.

Yikes!

[Mark_in_Brazil]

The beginning of that letter looks like a 419 e-mail.

Dear [Your Name],

IF YOU OPENED A PAYPAL ACCOUNT BETWEEN OCTOBER 1999 AND JANUARY 2004, YOU MAY BE ENTITLED TO A PAYMENT FROM A CLASS ACTION SETTLEMENT.

PLEASE READ THIS NOTICE CAREFULLY.

I just imagined it continuing a bit differently...

My name is Joe Smith. I work for the United States District Court, San Jose division. A major legal settlement has left the sum of US$9.2M (NINE MILLION TWO HUNDRED THOUSAND US DOLLARS) in an account belonging to a company here. Since I work for the court, I cannot legally access this money. If you simply fill in your PayPal information on this page, I can begin the process of transferring the money out of the "dead" account to your PayPal account. I think it is fair to leave 30% of the amount for covering administrative fees, taxes, and any other expenses that may accrue. For your help in transferring this money, you will receive 0.0054 percent of the money in the "dead account"

And so on...

--Mark

Amazing

[The AtomicPunk]

The lawyers get $3.3M. Wow. Where do I sign up to be a class action ambulance chaser? :)

Finally

[dtfinch]

What PayPal does is whenever they have a dispute with a user who has a dynamic ip address, every single user who winds up with that ip and logs in gets their account automatically suspended and any money in it stolen by PayPal. It hasn't happened to me so I won't participate in the lawsuit but I've seen it happen affecting people I know and work with. Paypal takes their money and tells them to go * themselves, pointing to a 20 page agreement that was shown in the 5 line scrolling text area which they clicked agree to where they waive their right to sue in exchange for a binding arbitration process whereby whatever PayPal says goes.

$0.35 it is....

[JustinHoMi]

I'm so ready to receive my check for $0.35US

Well now that you put it on /. it WILL be $0.35! THANKS.

To claim your $0.35 ...

[PetoskeyGuy]

Please send a self-addressed stamped envelope...

Suspicious

[brj]

Does anyone else find it strange that the claim forms ask for your PayPal password and credit card number?