PayPal Lawsuit: there may be hope yet!

[528hz 10+ year member]

I just wanted to let everyone know about an email I recieved this morning regarding a class action lawsuit between Steele et al. and Paypal. For those of you that were denied a full refund or never recieved any money back from a transaction between you and another party because of "any" reason, may be in luck to jump on this and get back what you deserve (i.e. being scammed by some piece of shit on this forum). Although lengthy, this is what the email says:

Steele et al. v. PayPal, Inc. et al., Civil Action No. 1:05-CV-01720 (ILG)(VVP)

 

Notice from Federal Court. Please Read.

 

You may be eligible to receive a benefit from a class action settlement if

you funded a PayPal transaction using a source other than your credit card

between February 1, 2004 and the present.

 

A federal court has directed that this notice be sent to inform you of a

proposed class action settlement. Records show that you may be eligible to

receive a benefit under the proposed settlement.

 

The settlement will resolve a lawsuit against eBay Inc. and PayPal, Inc.

(collectively, "Defendants") involving claims arising out of representations

in the PayPal User Agreement regarding PayPal's policies and practices for

responding to refund requests from those customers who pay for transactions

through PayPal using funds from funding sources other than credit cards.

Under the settlement, Defendants have agreed to establish a settlement fund

of $3.5 million to pay claims to potential class members. The proposed Class

is defined as:

 

all U.S. based PayPal account holders who funded a PayPal transaction after

February 1, 2004, using a source other than a credit card: (i) who

subsequently requested a reversal of the transaction through PayPal's

prevailing Buyer Complaint Policy and/or Buyer Protection Policy

(collectively, "Policies"); (ii) who did not receive a refund equal to 100%

of their transaction payment in response to such request from PayPal or their

bank; and (iii) who, through the timely submission of a Claim Form under

oath, attest to a reasonable and good faith belief that they would have

received a full reversal of such payment had they used a valid credit card in

their possession at the time of the subject transaction to fund the payment

and filed a timely chargeback request with their credit card issuing bank.

Excluded from the Class are any judicial officer to whom this Litigation is

assigned; PayPal, eBay and any of its affiliates; any current or former

employees, officers, or directors of PayPal or eBay; any Persons currently

residing outside of the United States; and, all Persons who timely and

validly request exclusion from the Class pursuant to the Notice.

 

To see if you are a Class Member and to obtain full notice of the Settlement,

the required procedures, the deadlines, your obligations, and your options,

you must visit http://www.steelesettlement.com. This email is only a brief summary

of the full notice that is posted on the website.

 

If you are an eligible Settlement Class Member, you have rights, obligations,

and options under the proposed settlement. You have until December 14, 2008

to file your Claim Form and Certification Form. Your legal rights are

affected whether you act or not.

 

1. Submit The Claim Form And The Certification Form By Mail

 

This is the only way to get a settlement payment. You must: (1) print and

fill out the Claim Form and return it by mail to the address provided on the

Claim Form; and (2) print the Certification Page of your Claim Form, sign it,

and return it by mail to the address provided on the Claim Form. Your Claim

Form and signed Certification Page must be mailed and postmarked no later

than December 14, 2008. For more information on these deadlines, the

Effective Date of the settlement, the Claim Form procedures, and the

settlement benefit, you must visit http://www.steelesettlement.com.

 

2. Exclude Yourself – Opt Out of the Settlement

 

If you do not want to remain a member of the Class and participate in the

Amended Settlement, then you may exclude yourself (opt-out) from the Class by

mailing or delivering (email is not permitted) your written request. Your

original, signed request for exclusion must be RECEIVED on or before October

31, 2008 and mailed to the following address:

 

PayPal/Steele Class Action Settlement

c/o The Garden City Group, Inc.

P.O. Box 9309

Dublin, OH 43017-4209

 

Your request for exclusion must contain your name and address, be signed by

you, and include the reference "Steele et al. v. PayPal, Inc. et al., Civil

Action No. 1:05-CV-01720." If you exclude yourself from the Class, you will

not participate in the Amended Settlement and will not receive any payment

from the Amended Settlement.

 

3. Object

 

Write to the Court about why you do not like the settlement. Your objection

must be filed with the Clerk of the United States District Court for the

Eastern District of New York, Brooklyn Main Office, 225 Cadman Plaza East,

Brooklyn, New York 11201, no later than October 31, 2008. Pursuant to the

Court's Order, you may not be heard on or entitled to contest the Court's

decision unless you have filed written objections no later than October 31,

2008. A hearing ("Settlement Hearing") shall be held before Hon. I Leo

Glasser on November 17, 2008 at 10:00 a.m. at the United States District

Court for the Eastern District of New York, Courtroom 8B South, 225 Cadman

Plaza East, Brooklyn, New York 11201.

 

4. Do Nothing

 

You will automatically be included in the Settlement Class and give up your

right to be part of any other lawsuit about the claims in this case, but you

will not be eligible to receive a settlement benefit unless you submit a

Claim Form.

 

To get complete information about the proposed Settlement, the required

procedures, the deadlines, your obligations, and your options, you must visit

http://www.steelesettlement.com.

 

Please do not contact PayPal, or PayPal's customer support about this Notice,

or the Settlement. Instead, you must visit http://www.steelesettlement.com for

complete information about the proposed Settlement, the required procedures,

the deadlines, your obligations, and your options.

 

Please do not reply to this message. We are unable to respond to inquiries

sent in reply to this email. To contact us, please access the official

settlement website at http://www.steelesettlement.com.

Click to read more...

 

[Slammed 5,000+ posts]

interesting

 

[▼)Ñ╩fZΣµ& 10+ year member]

mind bottling

 

[Propimp 10+ year member]

mind bottling

I thought it was " mind boggling"

 

[Randy Savage 5,000+ posts]

I thought it was " mind boggling"

No, mind-bottling. You know, when things are so crazy it gets your thoughts all trapped, like in a bottle?

 

[Speedbump3]

This is interesting.

No, mind-bottling. You know, when things are so crazy it gets your thoughts all trapped, like in a bottle?

LOL

 

[billjones42 10+ year member]

That movie rules.

 

[slam 5,000+ posts]

i received an email from them to join in too

 

[Chevillac 5,000+ posts]

http://news.cnet.com/2100-1017-842240.html

 

[snoopdan 5,000+ posts]

I posted a comment on the cnet link.

Paypal is crooked. Im glad someone is going after them - even if its at a basically grass roots level.

 

[Qbenjamin 10+ year member]

I filed my claim today for two transactions totaling $400. They denied me, because of that bs "We are not responsible for the quality or condition of goods received."

About time someone took action against these crooks.

 

[snoopdan 5,000+ posts]

I mentioned teH carrr aduio on the cnet link //content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif

goob should pay me for the advertising //content.invisioncic.com/y282845/emoticons/sneaky.gif.7189749b3a3f769e8815b47e8ae87f88.gif

 

[Chevillac 5,000+ posts]

that link I posted is mad old.....

 

[528hz 10+ year member]

Has anyone else heard about this before now?

 

[snoopdan 5,000+ posts]

After reading the lawsuit, it looks like (at least to me) that if you've bought something on this forum in the classifed section - then payed the person for the item via paypal on your debit card. If you either never recieved the item or otherwise then tried to reverse the charges via paypal's prevailing Buyer Complaint Policy and/or Buyer Protection Policy and didnt recieve a 100% refund you are eligable to participate in this class action lawsuit.

Anyone else agree with me that this is what they're suggesting? Or am I taking it out of context at all //content.invisioncic.com/y282845/emoticons/confused.gif.e820e0216602db4765798ac39d28caa9.gif