What is the name of your state?What is the name of your state? PA, but apparently the suit is taking place in CA
I received an email from PayPal concerning a lawsuit that is apparently going on.
Here's the gist:
Who: PayPal accountholders who opened an account between Oct. 1999 and January 2004.
What: Class Action Suit
Where: UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF CALIFORNIA
SAN JOSE DIVISION
Why: In March 2002, a class action lawsuit was filed against PayPal, Inc. in the United States District Court for the Northern District of California in San Jose, California. The lawsuit alleged that PayPal violated a federal statute, entitled the Electronic Fund Transfer Act ("EFTA"), 15 U.S.C. §§ 1693 et seq., including provisions requiring PayPal to supply customers with information about dispute resolution procedures and to follow certain procedures when investigating complaints of unauthorized or incorrect electronic fund transfers. For example, the lawsuit claims that PayPal did not provide account statements in the manner required by the EFTA. The lawsuit further alleges that PayPal has placed inappropriate restrictions or other limits on customers' accounts and engaged in other improper practices. Based on these practices, in addition to the claim under the EFTA, the lawsuit asserts claims under California state law for conversion, money had and received, negligence, and violations of consumer protection statutes.
PayPal does not believe that it did anything wrong. In fact, PayPal disputes that the EFTA, originally passed in 1978 applies to its business. PayPal denies any and all liability for the claims alleged in the lawsuit.
_________________________
Basically, it says if I want some of this settlement, I have to submit a short claim form, found on this site: Site
There's a lot more info on that site. If someone could take a look and tell me if this is legit or not, I would appreciate it.
I received an email from PayPal concerning a lawsuit that is apparently going on.
Here's the gist:
Who: PayPal accountholders who opened an account between Oct. 1999 and January 2004.
What: Class Action Suit
Where: UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF CALIFORNIA
SAN JOSE DIVISION
Why: In March 2002, a class action lawsuit was filed against PayPal, Inc. in the United States District Court for the Northern District of California in San Jose, California. The lawsuit alleged that PayPal violated a federal statute, entitled the Electronic Fund Transfer Act ("EFTA"), 15 U.S.C. §§ 1693 et seq., including provisions requiring PayPal to supply customers with information about dispute resolution procedures and to follow certain procedures when investigating complaints of unauthorized or incorrect electronic fund transfers. For example, the lawsuit claims that PayPal did not provide account statements in the manner required by the EFTA. The lawsuit further alleges that PayPal has placed inappropriate restrictions or other limits on customers' accounts and engaged in other improper practices. Based on these practices, in addition to the claim under the EFTA, the lawsuit asserts claims under California state law for conversion, money had and received, negligence, and violations of consumer protection statutes.
PayPal does not believe that it did anything wrong. In fact, PayPal disputes that the EFTA, originally passed in 1978 applies to its business. PayPal denies any and all liability for the claims alleged in the lawsuit.
_________________________
Basically, it says if I want some of this settlement, I have to submit a short claim form, found on this site: Site
There's a lot more info on that site. If someone could take a look and tell me if this is legit or not, I would appreciate it.
