farfel
09-29-2004, 11:03 AM
Deadline is October 23
FROM PAYPAL SUCKS
The first is known as the "statutory claim" and is the lowest claim category. This category has a fund of $1 million. Thus $1 million divided by 30,000,000 members and everyone gets $0.03. However, not everyone will put in a claim to this category. This fund comes from the Federal EFTA (electronic fund transfer act). This act has set by law a max. recovery of $500,000. Girard, Gibbs, & De Bartolomeeo (hereafter "the lawyers") were able to convince PayPal to make it $1,000,000. This was basically a slam dunk case and PayPal knew it. The only problem was the government capped the max amount that could be recovered to $500,000. There was a chance to make it up to $6,000,000, however, it was an unknown risk, as a judge might not see it that way. This is basically the thing that PayPal violated when it did not take people's reports over the phone, did not provide a timely response, did not provide written documents, deleted customers emails, do not provide a phone number, etc. (more on this later.) Note: If the government had not put a cap on the transgressions of the EFTA, this lawsuit would have had a totally different ending (for the better.) Don't blame me, the lawyers or anyone else. This was your federal legislators fault.
The next category is the "short form." This is for those people who lost a small amount of money or would just like to get it over. If you put in claim on the short form, you will get $50. HOWEVER, due to the number of scammers who have tried to get in on this lawsuit, these claims will be inspected for fraud. They will be inspected by a former employee of PayPal who has been hired by the lawyers to do this job. (A real good egg.) Basically it means if you had a problem with PayPal and you are not a scammer, you give you name, address, etc... and you get $50. This claim has approx. $2million, however it has some adjustments that can be made.
The next category is the "long form." This is for those people who lost more than $50. The "long form" is also inspected for fraudsters. Those who are NOT fraudsters will have their claim reviewed by an appointee of the court. Basically this is going to be just like a small claims case. The more evidence you have to support your case, the better you will fair. If you have no evidence, you might as well put in for the short form. If on the other hand you have a real case, you put in your case and if it's supported you should do well. This claim also has approx. $2million, and again it has some adjustments that can be made.
Additionally, anyone who does not want to settle their case with PayPal using this proposed settlement can opt out and get their own lawyer to go after PayPal. (More on this later in a separate thread.) No one is forced to accept this settlement.
FROM PAYPAL SUCKS
The first is known as the "statutory claim" and is the lowest claim category. This category has a fund of $1 million. Thus $1 million divided by 30,000,000 members and everyone gets $0.03. However, not everyone will put in a claim to this category. This fund comes from the Federal EFTA (electronic fund transfer act). This act has set by law a max. recovery of $500,000. Girard, Gibbs, & De Bartolomeeo (hereafter "the lawyers") were able to convince PayPal to make it $1,000,000. This was basically a slam dunk case and PayPal knew it. The only problem was the government capped the max amount that could be recovered to $500,000. There was a chance to make it up to $6,000,000, however, it was an unknown risk, as a judge might not see it that way. This is basically the thing that PayPal violated when it did not take people's reports over the phone, did not provide a timely response, did not provide written documents, deleted customers emails, do not provide a phone number, etc. (more on this later.) Note: If the government had not put a cap on the transgressions of the EFTA, this lawsuit would have had a totally different ending (for the better.) Don't blame me, the lawyers or anyone else. This was your federal legislators fault.
The next category is the "short form." This is for those people who lost a small amount of money or would just like to get it over. If you put in claim on the short form, you will get $50. HOWEVER, due to the number of scammers who have tried to get in on this lawsuit, these claims will be inspected for fraud. They will be inspected by a former employee of PayPal who has been hired by the lawyers to do this job. (A real good egg.) Basically it means if you had a problem with PayPal and you are not a scammer, you give you name, address, etc... and you get $50. This claim has approx. $2million, however it has some adjustments that can be made.
The next category is the "long form." This is for those people who lost more than $50. The "long form" is also inspected for fraudsters. Those who are NOT fraudsters will have their claim reviewed by an appointee of the court. Basically this is going to be just like a small claims case. The more evidence you have to support your case, the better you will fair. If you have no evidence, you might as well put in for the short form. If on the other hand you have a real case, you put in your case and if it's supported you should do well. This claim also has approx. $2million, and again it has some adjustments that can be made.
Additionally, anyone who does not want to settle their case with PayPal using this proposed settlement can opt out and get their own lawyer to go after PayPal. (More on this later in a separate thread.) No one is forced to accept this settlement.