Email about a PayPal Class Action Settlement–Truth!
Summary of eRumor:
The eRumor says that there is a class action settlement between PayPal and certain people who opened PayPal accounts between October, 1999 and January, 2004.
The Truth:
The class action is real and the email is authentic…but a lot of people who received it wondered if it was a “phishing” attempt on the part of crooks to get personal financial information.
The settlement is the result of a class action lawsuit against PayPal that alleged that PayPal unfairly froze thousands of user accounts, preventing people from getting access to their money.
PayPal denied any wrongdoing but agreed to the settlement.
Those who think they may qualify for part of the settlement can go to http://www.settlement4onlinepayments.com/ to fill out an online form.
Last updated 7/29/04