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  1. #1
    ABW Ambassador
    Join Date
    January 18th, 2005
    Posts
    4,423
    It is for 9.2 million only, so everyone will probably get fifty cents. Below is the response from paypal.

    Thank you for contacting PayPal. We appreciate the time you have taken to
    inquire about the preliminary settlement for the PayPal class action
    lawsuit. Please allow us to offer further information.

    On June 11th, 2004, PayPal entered into a settlement agreement with a
    proposed class of PayPal customers that is being represented by Girard
    Gibbs & De Bartolomeo LLP and Wolf Popper LLP. Those firms filed a lawsuit
    in 2002 on behalf of a class alleging that PayPal did not appropriately
    communicate about customer transactions and did not appropriately process
    limits that were placed on some customer accounts. In this agreement,
    PayPal does not acknowledge that any of the allegations in the case are
    true and entered into the settlement agreement to avoid further costs of
    litigation, and to devote resources to more productive areas of our
    business.

    Most PayPal customers who opened an account between October 1, 1999 and
    January 31, 2004 are eligible to participate in the settlement. PayPal
    will be sending a notice via email advising eligible customers how to
    participate in the class action settlement. This email will be sent in the
    July/August timeframe. The email notification will more fully explain the
    lawsuit, your legal rights under the settlement, what benefits may be
    available to you under the settlement, and how to get them.

    If you opened a PayPal account between October 1, 1999 and January 31,
    2004, you are a member of the class unless you fit into one of the
    following exclusions. Excluded from the class are: any judicial officer to
    whom the lawsuit is assigned; any current or former employee, officer, or
    director of PayPal; anyone who resides in Austria, Belgium, Denmark,
    Germany, Greece, Finland, France, Ireland, Italy, Luxembourg, Portugal,
    Spain, Sweden, The Netherlands, or United Kingdom; and all persons who
    timely and validly request exclusion from the class.

    Please understand that PayPals employees and subsidiaries cannot provide
    information or legal advice in relation to the class action lawsuit and
    proposed settlement.

    Please watch for further updates regarding the preliminary settlement.
    Thank you for contacting PayPal.

    Sincerely,

    The PayPal Team

  2. #2
    ABW Ambassador buy_online's Avatar
    Join Date
    January 18th, 2005
    Location
    Richmond, VA
    Posts
    3,234
    Can't wait !

    Or was that wait and see?

    Fred

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