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

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