Anyone get one of these from PAYPAL?

razorface1027 · July 27, 2004 7:25AM

IF YOU OPENED A PAYPAL ACCOUNT BETWEEN OCTOBER 1999 AND JANUARY 2004, YOU MAY BE ENTITLED TO A PAYMENT FROM A CLASS ACTION SETTLEMENT.

Along with a bunch of other rhetoric.

Here's what was at the bottom of the page...
PLEASE DO NOT TELEPHONE THE COURT REGARDING THIS NOTICE.

Furthermore, it addressed me by my full name---none of that "Dear paypal user" and the other malarchy that accompanies the usual paypal frauds.

razorface1027 · July 27, 2004 7:31AM

Yeah---A "Class action law suit;" wherein, we'll all receive .24 cents a piece as settlement money.

Sphinx357 · July 27, 2004 7:34AM

Nope

ldhair · July 27, 2004 7:36AM

.10 cents after this thread.

291fifth · July 27, 2004 7:53AM

Probably a scam. I would think that any legal notice would only be sent by mail.

ss350camaro · July 27, 2004 7:56AM

I received it as well. Haven't had time to really get into it and check it out though.

Just a brief scan through it and it seems real but i would agree that it raises some questions because it came through email and not postal mail. In this electronic age it doesn't suprise me that they would shortcut it that way though.

pontiacinf · July 27, 2004 8:01AM

if it has a link its a scam

Boom · July 27, 2004 8:03AM

No, sure haven't!

Coinerww · July 27, 2004 8:25AM

I have recieved it.

Coinerww · July 27, 2004 8:25AM

I also read about it in the USA Today, a couple weeks ago.

aem4162 · July 27, 2004 10:43AM

no

Tonelover · July 27, 2004 10:56AM

<< Yeah---A "Class action law suit;" wherein, we'll all receive .24 cents a piece as settlement money. >>

Yeah but guess how much the lawyers are going to make. Therein lies the real beauty of these cases.

ziggy29 · July 27, 2004 10:58AM

I tend also to agree that if the first and only time you hear about is via e-mail, it's probably a scam.

wingedliberty · July 27, 2004 11:03AM

Yes, I have received it, Yes its a scam.
Yes, you should place it in your trash immediatly, its probably a carrier worm. I am hopping that my Spybot and Adaware have nuked it already after I dumpted my trashcan.

Outhaul · July 27, 2004 11:05AM

Class action lawsuits are terrific...we get vouchers and the attorneys get the money.

FrattLaw · July 27, 2004 11:15AM

<< we get vouchers and the attorneys get the money. >>

Isn't life grand -- think of it this way -- otherwise you wouldn't get anything. I rather have something than nothing, especially if it didn't cost me anything to get that something. See somethings are free in this world.

Michael

Tonelover · July 27, 2004 11:24AM

I recently got my share of a settlement in a Class Action filed against a stock that was issuing misleading financial statements. I lost thousands of dollars and got a stock certificate for 8 shares of SFBD worth $1.18 each. Charles Schwab charges $25 just to deposit the certificate in my account. ANd if I did pay that, which would be stupid, I'd pay another $15 to sell them. LOL! Wallpaper anyone?

mr1931S · July 27, 2004 12:08PM

Someone else in the class can have my 24 cents.

Conder101 · July 27, 2004 2:04PM

<< << we get vouchers and the attorneys get the money. >>

Isn't life grand -- think of it this way -- otherwise you wouldn't get anything. I rather have something than nothing, especially if it didn't cost me anything to get that something. See somethings are free in this world. >>

Says the attorney

Tonelover, did you get an actual stock certificate? If so I'll take it off your hands.

FrattLaw · July 27, 2004 2:08PM

Jon -- you had the right to opt out of the class and try to a larger settlement. Class actions work -- but only for those that have lost very little. If you lost a much larger amount than most of the class there was a way to enforce your rights to larger portion of the settlement. Unfortunately when there are thousands of plaintiffs in the class, it's hard to compensate each one fairly, unless they make it known that they aren't happy with the proposed settlement.

Michael

Barry · July 27, 2004 10:07PM

I got it too. I think it's legit, as it had my full name at the top, and didn't have any hidden links. It will probably come by mail, also. If not, maybe they'll list it on their site as you log in to your account. I don't know if that's considered adequate notification. Lawyers?

CarsonCityGold · July 27, 2004 10:44PM

<< Isn't life grand -- think of it this way -- otherwise you wouldn't get a thing. I rather have something than nothing, especially if it didn't cost me anything to get that something. See somethings are free in this world. >>

FREE?? Every time I pay a PayPal fee and every time I write a check for the premiums on my personal and professional liability insurance, I am paying for this!

Does anyone have the "Cliff Notes" version concerning the basis of this lawsuit?

topstuf · July 27, 2004 11:04PM

Yeah, I did.

Since all I ever lost was time getting my VERIFIED acct. ......unrestricted.......after a legitimate usage, I can't figure out how much I would get.

I figure opting OUT of Paypal was enough satisfaction for me.

ss350camaro · July 27, 2004 11:04PM

One 'red flag' for me on this is the fact i can't find any mention of it on PayPals site.

Wouldn't they be required to post some kind of info on their web site about this possible Legal action ?

I received another one of the emails this morning. It's slightly different in its format, meaning it has slightly different borders in its layout in the email ...etc...

I forwarded it to spoof@paypal.com but have not received any response from them yet.

I would suggest that anyone that receives the email not click on the link it contains that supposedly forwards you to the settlement page.

robertpr · July 27, 2004 11:13PM

Yes, this is legit. Paypal does in fact have a link on their own site at http://www.paypal.com/settlement which redirects you to the settlement site.

ss350camaro · July 27, 2004 11:24PM

<< Yes, this is legit. Paypal does in fact have a link on their own site at http://www.paypal.com/settlement which redirects you to the settlement site. >>

I tried that link and after it tells you it's re-directing you to the settlement page it times out and stops.

The site it re-directs to is http://www.settlement4onlinepayments.com which is a non secure site, without PayPal in the address line.

This alone makes it suspect in my opinion. If it's real then PayPal needs to do something to make it secure (and work!)

Bikingnut · July 27, 2004 11:45PM

Got it. There are two links in the email, one that takes you to the form to claim your part of the settlement and print out a signiture form which must be signed and forwarded to PayPal by October 14. The other link takes you to the details of the suit. If you receive an entiltlement, it will be a credit to your Paypal account.

Dennis

Strat · July 28, 2004 6:40AM

There is a link on Paypal's website giving some brief details of this class action settlement. Just login to your account, access the "About Us" link at the bottom of the page, and look it up under "Press Releases", which should appear on the left side of your browser window. Or, try this link:

press releases

I figure to be in the Statutory Damage Class, which has a fund of $1 million. With 45 million Paypal users worldwide, that 24 cent estimate someone made is about right. Think I'll pass.

khayse · July 28, 2004 7:09AM

I got it. Man am I sick of being bothered by class actions for $3.85. When damages get to $1000, let me know.

-KHayse

Ed62 · July 28, 2004 7:30AM

In about 3 months you will be able to vote one of those plaintiff's attorneys into high office. Then they will be in control of 2 1/2 of the three branches of our federal government.

poptopsRus · July 28, 2004 7:50AM

Yes it is legit, I sent a copy of it to paypal spoof to make sure. I have accessed the link and it is VERY slow and often times out likely because they are so busy processing.

Shamika · July 28, 2004 7:50AM

I think it's legit. The notice mentions me by name.

baccaruda · July 28, 2004 7:54AM

Yes, I got it. Class action settlements are GREAT for the consumer...

The plaintiffs will each receive a Paypal refrigerator magnet, while the lawyers split $3.3 million. Paypal will then raise it's rates so the $3.3 mil cost is transferred to the palintiffs.

What a wonderful system.

baccaruda · July 28, 2004 7:57AM

Why don't we just do away with class-action lawsuits entirely and every American can just send $100 to a lawyer each year.

Seems simpler that way...

Outhaul · July 28, 2004 8:34AM

<< Why don't we just do away with class-action lawsuits entirely and every American can just send $100 to a lawyer each year >>

astrorat · July 28, 2004 8:08PM

<< Why don't we just do away with class-action lawsuits entirely and every American can just send $100 to a lawyer each year.

Seems simpler that way... >>

I am laughing so hard I think I just soiled myself!

Lane

DAM · July 28, 2004 8:42PM

Got one a couple of days ago.

Seems the "dog bite boys" are at it again. They're doing it for YOU! Of cousre there's a catch, they get 3.3 million of the 9 million dollar settlement. A small price to pay for YOUR representation.

<< Why don't we just do away with class-action lawsuits entirely and every American can just send $100 to a lawyer each year. >>

Thanks to the "dog bite boys" you're paying a lot more than that each year for the additional cost of goods and services. Some resulting from law suits, others just trying like hell to protect themselves from being sued.

BAJJERFAN · July 28, 2004 8:50PM

Got one too!

100proof1957 · July 29, 2004 1:59AM

looks legit,i got one too
9.5 million bucks ?
gives us a dime ea. why bother ?

Russ · July 29, 2004 2:15AM

Got it, opted out.

Russ, NCNE

baccaruda · July 29, 2004 2:38AM

Perhaps I'm being too hard on lawyers...

Just where would this country be without lawyers. McDonald's coffee would remain 6 degrees hotter than the national average - it would be chaos!

RegistryCoin · July 29, 2004 2:47AM

I'll take my $.24 in the form of an Indian, a three-cent piece, and (4) half dimes, please.

100proof1957 · July 29, 2004 2:50AM

Anybody recall Polaroid vs: Kodak ?
turned into class action,blah blah blah.
everybody was supposed to get 1 share of kodak and then we ended up with coupons for like 35 bucks instead.
In my own twisted form of vigilante justice i bought 1 share of Kodak and signed up for the dividend re-investment program.
for about the last 16 years,they have had to do the paperwork on my 1 share and purchase more stock for me at the rate of 60 cents a year and send me the annual reports !
should cost em what 50 bucks yearly for the paperwork !

LincolnCentMan · July 29, 2004 1:19PM

In my own twisted form of vigilante justice i bought 1 share of Kodak and signed up for the dividend re-investment program. for about the last 16 years,they have had to do the paperwork on my 1 share and purchase more stock for me at the rate of 60 cents a year and send me the annual reports !
should cost em what 50 bucks yearly for the paperwork !

Ok, that is too funny. One time I got shafted one round of quarters at the car wash. I got told that there were no refunds. I took all my fives and ones and changed them for quarters at their quarter changer. I didnt empty that sucker out... but darn it, I must have made a big dent.

David

Anyone get one of these from PAYPAL?

Comments

Leave a Comment