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KRL · 06-15-2004, 04:20 AM

EBay Agrees To Settle PayPal Lawsuit

EBay Inc., the world's largest online auctioneer, agreed to pay $9.25 million to settle a 2002 class-action lawsuit by customers who alleged its PayPal e-mail payment service ignored complaints or didn't respond to inquiries in a timely fashion.

EBay, which bought PayPal after the lawsuit was filed, set aside funds last year to pay for a settlement, the San Jose, Calif.-based company said in a statement.

The settlement covers PayPal users who had accounts between Oct. 1, 1999, and Jan. 31, 2004, PayPal spokeswoman Amanda Pires said. She said it is unknown how many people are eligible for the payout, which will vary.

06-15-2004, 04:20 AM
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	eBay Agrees To Multimillion $ Settlement For PayPal Users '99 to '04 EBay Agrees To Settle PayPal Lawsuit EBay Inc., the world's largest online auctioneer, agreed to pay $9.25 million to settle a 2002 class-action lawsuit by customers who alleged its PayPal e-mail payment service ignored complaints or didn't respond to inquiries in a timely fashion. EBay, which bought PayPal after the lawsuit was filed, set aside funds last year to pay for a settlement, the San Jose, Calif.-based company said in a statement. The settlement covers PayPal users who had accounts between Oct. 1, 1999, and Jan. 31, 2004, PayPal spokeswoman Amanda Pires said. She said it is unknown how many people are eligible for the payout, which will vary. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains