A friend of mine just got this email, and its official. Paypal is looking to settle a class action lawsuit....
"All Persons who opened a PayPal account during the period from October 1, 1999 through January 31, 2004. Excluded from the class are any judicial officer to whom the lawsuit is assigned; PayPal and any of its affiliates; any current or former employee, officer, or director of PayPal; anyone who resides in Austria, Belgium, Denmark, Germany, Greece, Finland, France, Ireland, Italy, Luxembourg, Portugal, Spain, Sweden, The Netherlands, or United Kingdom; and all persons who timely and validly request exclusion from the class pursuant to this notice."
I have added a page on my server outlining the details. Also theres links for filing claims. Looks like youll get 50 bucks for filing if the settlement goes thru.
Paypal settlement