Subject:
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Re: Paypal and the class action
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Newsgroups:
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lugnet.loc.au
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Date:
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Mon, 2 Aug 2004 14:05:50 GMT
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Viewed:
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1251 times
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I have poked around a bit more and offer the following *informal* summary.
Usual caveats about not being a lawyer.
This is a class action that has resulted in a settlement. This does not mean
that Paypal have admitted to having done the wrong thing or been proven to
have done the wrong thing, but Paypal have agreed to pay some compensation
to bring the matter to a close. Being a class action, all people in similar
circumstances to the people who filed the class action can participate in
the settlement even though you didn't take part in the class action
directly. So where do you stand?
* if you have some gripe against Paypal where they froze your account or
failed to respond to a complaint about money going missing etc, it seems you
can fill in some form and get a standard $50 compensation (once per person,
not once per gripe)
* if you can prove you suffered financial loss as a consequence, you might
be able to get even more out of them but there is a lot more paperwork -- I
have no idea of the standard of proof required but my bet is that it is a
lot more work than what you have to do to get the $50, which is probably
deliberate in the hope that most people will just go the $50 route.
* if you happen to live in various countries (randomly selected as far as I
can tell, but no doubt there is some Good Legal Reason), you can't make a
claim at all. And no doubt there are the usual caveats for employees, family
of employees, friends of former employees, casual acquaintances of future
employees of their advertisers, and anyone who didn't have a Paypal account
to begin with :-)
* if you don't have a gripe against Paypal, you can't get any money, but you
will be delighted to know that you do have a choice in how you may achieve
this. You can either ask to be removed from the "class" and hence be unable
to make a claim and hence will not receive any payment OR do nothing and
remain part of the "class" but make no claim and hence receive no payment.
This kind of personal freedom is what democracy is all about :-)
Or to summarise my summary ...
* if Paypal have devastated your life, you probably want to read the class
action email really carefully
* if Paypal have messed you around, you might get $50 if you can be bothered
to fill in the forms
* otherwise, do nothing
Kerry
"Kerry Raymond" <kraymond@iprimus.com.au> wrote in message
news:I1t6tJ.334@lugnet.com...
> I presume I am not the only person who got some incredibly long email • about
> Paypal and a class action. However, is there anyone (unlike me) who • managed
> to read through the whole thing and would care to offer some short answers
> as to:
>
> * what's it about?
> * should I care?
> * should I do anything?
>
> NB For the purposes of these questions, I am a happy Paypal user who has
> never had a problem with them, so my gut instinct is that I don't need to
> know or care.
>
> Kerry
>
>
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Message has 1 Reply:
 | | Re: Paypal and the class action
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| (...) IANAL either but I offer the following from my reading of the docs available: (...) Note that the "pool" for these claims is half of (the total allocation (just under $10M) minus the statutory damage fund ($1M)). (...) As above, this is the (...) (20 years ago, 2-Aug-04, to lugnet.loc.au)
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Message is in Reply To:
| | Paypal and the class action
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| I presume I am not the only person who got some incredibly long email about Paypal and a class action. However, is there anyone (unlike me) who managed to read through the whole thing and would care to offer some short answers as to: * what's it (...) (20 years ago, 2-Aug-04, to lugnet.loc.au)
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