SAN FRANCISCO -- PayPal, eBay's online payment system, said Monday it will pay $9.25 million to settle a federal class action lawsuit. In their 2002 lawsuit, which resulted from the consolidation of two separate cases filed in federal court in Northern California, some PayPal customers alleged that the company did not appropriately communicate about customer transactions and did not appropriately process limits that were placed on some customer accounts. The case involves individuals and businesses that had a PayPal account during the period from Oct. 1, 1999 through Jan. 31, 2004. PayPal users in European Union member countries are excluded.
Posted by Editor at June 14, 2004 01:34 AM