PayPal Class Action Lawsuit?

[KenC]

Did anybody else get an email about a class action lawsuit against paypal?

[318daily]

yes. i deleted it because of all the bogus ebay emails i've been receiving.

[Jand3rson]

I got it too, Ken. It's a scam, delete it.

[KenC]

I got it too, Ken. It's a scam, delete it.

Done.

[Bhadole]

I got it as well. I don't think it's a scam. I looked into it a bit more. There are reputable news sites that reported on this lawsuit. Also, I looked at the stuff it wants you to fill out, and the worst it asks for is your address. If it was a scam, they could get your address in much easier ways (i.e. without setting up a fake redirect from a legit Paypal webpage, and fake email from a legit Paypal address, and setting up an entire fake lawsuit page complete with forms.)

I work in a lawfirm here in Portland and I asked the paralegal about it. She said she has heard of (and participated in) similar class lawsuits. Got $13 out of one of them

edit: here is one of the new links: http://news.com.com/2100-1017-842240.html
there is another one on MSNBC...but I can't find it now.

[bert]

it's legit...here's a more current article about the settlement...

http://news.com.com/PayPal+settles+customer+suit/2100-1038_3-5233490.html?tag=st.rc.targ_mb

the terms of the payout have not yet been determined...after
lawyers fees, they've got about 6 milllion to hand out...there
are 60 million Paypal users worldwide...that's a dime per user...

woo hoo...sign me up!

bert

[Bhadole]

some of that money is only for people who actually had "incidents" with Paypal. They set aside $1 million for your average paypal user who hasn't had any problems. I signed up...now I'm just hoping that none of the other 60 million people do and I'll be rich.

[Beej '86 325es]

From what I read, it sounded like it only applied to people who had problems with PayPal, be it transfers or wrong amounts, etc. Am I wrong about that?

[bert]

the only problem i've had with them is the freakin'
FEES! the convenience comes with a HIGH price...

bert

[Bhadole]

From what I read, it sounded like it only applied to people who had problems with PayPal, be it transfers or wrong amounts, etc. Am I wrong about that?

That is what most of it is about. The bulk of the $$ will go to people with problems like that. But you can also file a more general "statutory" claim. Basically the people bringing this lawsuit said that some of the ways that paypal was running their business were not fair to their users (acess to money and stuff...I don't know the details). And in general sense this affected anyone with a paypal account. But like I said above only $1 million was set aside for these people. And with at least 40 million users who are eligible to file for part of that...there probably won't be even $1 given to each person. I just filed in case a lot of other people don't, or pass it off as a scam. Then maybe I can make $2 - $3

[RedBaron86325]

Just a sue happy environment.. See how much the lawyer fees are? Fucking insane. No wonder the Paypal fees are so high!!! It isn't going to hurt Paypal, they will simply raise the rates to compensate.

Every industry gets screwed by attorneys. Company gets sued, prices go up, lawyers get rich, public pays the price.

Stop friggin sueing everyone. You are only hurting yourself.

[TimmyBigHands]

I got this yesterday myself. Just out of curiosity... if this is legit, why did the email come from paypal to sue paypal???

[bert]

in class action lawsuits, many people become plaintiffs automatically
as a result of an individual filing a lawsuit on your behalf...in the
Paypal case, only a couple of people felt ripped off enough to file
on behalf of all...lawyers love these types of lawsuits because
1. they gain momentum quickly because so many plaintiffs are involved,
2. they get lots of media coverage because so many plaintiffs are involved,
and 3. the legal fees are outrageous...because so many plaintiffs are
involved...

usually, when a settlement is reached, the court determines a period
of time in which all claims must be filed...the court will also require the
defendant to give plenty of notification to all the plaintiffs involved and
give them ample opportunity to make their claims...if the court didn't
require this, the defendant would just keep quiet about it until the time
period passed and basically render the verdict or settlement worthless...

you got the email from Paypal because the court required them to notify
you...

i just filed a claim in a similar class action suit filed against Comcast...
seems they had been incorrectly charging sales tax on internet services
since 1999 in my area...i got over $100 back--in account credit...

bert

[Ryan Stewart]

I just got it tonite. If you look at the email it links you back to paypal for the settlement papers.

Im gonna fill mine out and see if I can get a few bucks.

[bwanac]

Hopefully most people won't do it and those that do will get more green. ;)