Little off topic

newbiecollector

Has anyone gotten an e-mail from Paypal about a class action law suit and possible pay out of money.......It look real but has links in it I haven't cliked

tbirde56

I did too. I believe its genuine. You can also always forward anything like that to spoof@ebay.com to get Ebay's official opinion of the source.

newbiecollector

I only got this mail like an hour ago....very long and detailed but I didnt read every word.........I was afraid to clik any othe the links.....so much vorus goin around right now

Thanks for the reply by the way

akdrv

It appears to be legit. The links point to the real paypal site, which then forwards you to a claim processing site. Here is what it's all about:

You can make a Short Form Claim if, prior to February 1, 2004, PayPal caused you to lose money because of any of the following:

* You experienced an unauthorized or incorrect electronic transfer to or from your PayPal account;
* Your PayPal account was improperly restricted or access was improperly limited;
* You requested information from PayPal about an account restriction or limitation or unauthorized transfer and you did not receive a satisfactory response; and/or
* You experienced or reported an unsatisfactory result from a dispute with PayPal involving a chargeback, a refund, a buyer complaint, or PayPal’s Seller Protection Policy, Buyer Complaint Process and/or Buyer Protection Policy.

If you make a timely, valid claim using the Short Form Claim, you will receive a payment of $50. In the event that the amount needed to pay all of the Short Form claims exceeds the Short Form Fund, the fund will be divided equally among all the Short Form Claimants.

To make a Short Form Claim, you must (1) complete this Form, (2) print the Certification page, and (3) sign and mail the signed Certification, postmarked no later than November 1, 2004, to:


https://www.paypal.com/settlement/

lordmarcovan

The only unhappy PayPal experience I've had was getting ripped off for two hundred bucks by that same "numismatic101" goon who got Wayne, on the 66 pound lot of coins. And that wasn't really PayPal's fault. I'd have used my credit card for that transaction, since I suspected the guy was a crook all along, but THAT had just been stolen and I'd had to cancel it. So I did a PayPal transfer from checking. No chargeback possible.

MSD61

Yes I got the same email just a few minutes ago. It is a true court case and legit however, looking back at my account history I do not see any problems that fall under submitting a long/short form. You can submitt a Statutory Damage claim if you are not a Dispute Resolution Claimant (i.e You experienced an unauthorized or incorrect electronic transfer to or from your PayPal account; Your PayPal account was improperly restricted or access was improperly limited; You requested information from PayPal about an account restriction or limitation yada, yada, yada.)

Here is the link for this hooplah for more info
Paypal class action link

Steve27

It's real, but your only affected if they froze your account while investigating a complaint/problem.

satootoko

Before I retired I had the "privilege" of participating in the settlement of several class actions against financial institutions I was working for. It is very common in those settlements for the attorneys bringing the actions to get very substantial fees, and the supposed "victims" to get little or nothing. This case is no exception.

There is only $1-million allocated for "stautory claims". If more than 730,000 of the millions of potential claimants file, they will each net less than $1 after paying for the 37¢ stamp to mail their "certification form" in.

Wayne, and others located outside the U.S. will either get nothing (residents of many countries are expressly excluded from the settlement class), or even less than U.S. residents because of their higher postage expense.

Oh yeah, the settlement fund includes millions for the claimants' attorneys!

Makes me so proud of my profession - not!

ccrdragon

The only people who ever make money from a class-action suit are the frickin' lawyers.....