Paypal recently sent out an email about their settlement for a class action lawsuit. (
read the email) Two PayPal users, Roberta Toher and Jeffrey Resnick, filed two seperate lawsuits against paypal that were combined into one class action suit. It is this suit that has been settled. So of course, the question on everyon's mind is "How do I get my share of the money?"
The settlement says that anyone who opened an account between Oct 1, 1999 and Jan 1, 2004 is elegible to participate in the settlement. According to the
PayPal Litigation Settlement Website, online claim forms must be completed by October 23, 2004 in order to qualify for payment. The short form will get you $50 while the long form will pay the amount you can document in damages if you believe your account suffered lost money for the reasons listed. Even if your account didn't suffer any losses, you can still make a claim with the
STATUTORY DAMAGE FUND CLAIM where $1 million will be divided equally among all persons submitting valid claim.
For more information on the short and long form as well as the FAQs ,
Click Here