PAY US, PAL
Paypal has entered a settlement agreement which may entitle you to some funds.
Monetary Relief Under the settlement, PayPal will pay $9.25 million into a settlement fund, to be held in an interest-bearing account. The fund will be used (1) to make payments to class members who submit valid claims before the claims deadline; (2) to pay certain costs of giving notice to the Class and of settlement administration, as approved by the Court; and (3) to pay attorneys’ fees and expenses to Class Counsel in the amount awarded by the Court. Class Counsel have proposed that, after deduction of notice and administrative costs and Class Counsel’s attorneys’ fees and expenses, the balance of the fund (“Net Settlement Fund”) be applied in accordance with a written plan of allocation. (The following explanation is qualified in its entirety by reference to the Plan of Allocation attached to the Settlement Agreement as Exhibit C, a copy of which is on file with the Court and available on the Internet at https://www.paypal.com/settlement/.)
Check it out if you opened a Paypal account between October 1994 and January 2004.*
* Does not qualify as legal advice in any way. In fact, nothing on this site should be construed or considered advice of any kind. Do not try this at home. For external use only. Caution. Achtung. Falling Rocks.