how-to block ads
|
|
Share Topic
 |
 |
|
|
|
SUMwarePremium
join:2002-05-21
kudos:2 | reply to Blue2
Re: Steele vs Paypal - Hoax or Not - You Make the Call PayPal Announces Settlement Agreements
SAN JOSE, Calif. - Sept. 28, 2006 - PayPal today announced that it has signed an agreement with 28 United States Attorneys General. In this voluntary agreement, PayPal will, among other things, shorten and streamline its user agreement and communicate more information relating to its protection programs. PayPal has already complied with many of the terms in the agreement.
To cover the cost of the investigation, PayPal will pay $1.7 million to the Attorneys General. The Attorneys General involved in this agreement represent: Alabama, Arizona, California, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Louisiana, Maryland, Minnesota, Mississippi, Nebraska, Nevada, New Jersey, New York, North Carolina, Ohio, Oklahoma, Oregon, South Dakota, Tennessee, Texas, Vermont, Washington, and West Virginia.
PayPal also announced today that it has reached a preliminary settlement agreement with a proposed class of PayPal customers in an action pending in U.S. District Court in Brooklyn. The suit was filed in 2005 on behalf of a class alleging that PayPal did not clearly communicate information about its consumer protection programs related to specific types of transactions.
The settlement fund, which will be paid by PayPal, will total $3.5 million, less administrative costs and any amount awarded to plaintiffs' counsel by the court. The settlement will be presented for preliminary approval to the District Court in the coming months.
Under the terms of the settlement agreements, PayPal is not admitting any liability for any of the allegations in the two cases.
Media Contact:
Amanda Pires
PayPal
(408) 967-1005
apires@paypal.com | |
 Blue2Premium
join:2004-04-14
France
kudos:1 | The original settlement was reached in 2004 as indicated in the is article of July 7, 2004: »news.zdnet.com/2100-3513_22-137004.html
That settlement included the following which was pointed out at that time:
"The link in the e-mail read "paypal.com," but it redirected surfers to the somewhat spam-sounding settlement4onlinepayments.com. That site is hosted by a company with the suspiciously generic-sounding moniker "The Garden City Group."
Now take a look at what »www.settlement4onlinepayments.com/ looks like today.
So, again, this is a new settlment of a second class action lawsuit, handled by the same GardenCityGroup but now requesting that you contact them in another state with an email from steelesettlement@tgcginc.com? Where did they get the email address database from, Paypal?
Doesn't exactly give one that warm and fuzzy feeling, particularly when they'll need your Paypal account info to disperse the settlement... | |
|
