26 January 2016
PayPal Notice of Class-Action Settlement
Date: Tue, 26 Jan 2016 15:38:47 -0500
From: "PayPal" <email@example.com>
Subject: Notice of Class-Action Settlement
NOTICE OF CLASS-ACTION SETTLEMENT.
THIS NOTICE MAY AFFECT YOUR RIGHTS. PLEASE READ IT CAREFULLY.
A settlement has been reached in a class action in which the plaintiffs allege,
among other things, that PayPal improperly handled disputed transactions
on PayPal accounts and improperly placed holds and reserves on accounts or
closed or suspended accounts. Plaintiffs also allege that PayPal failed to
provide annual error-resolution notices and monthly account statements under
the Electronic Fund Transfer Act.
You are a member of the Settlement Class if you had an active PayPal account
between April 19, 2006 and Nov. 5, 2015. Certain Settlement Class Members
who had a hold or reserve placed on their account and/or who had their account
closed or suspended by PayPal are eligible to receive a monetary payment
upon submission of a valid claim form.
This notice summarizes the proposed settlement. For the precise terms and
conditions of the settlement, please see the Settlement Agreement available
or by visiting the office of the Clerk of the Court for the United States
District Court for the Northern District of California, 1301 Clay Street,
Oakland, CA 94612, between 9:00 a.m. and 4:00 p.m., Monday through Friday,
excluding Court holidays.
PLEASE DO NOT TELEPHONE THE COURT OR THE COURT CLERK'S OFFICE TO INQUIRE
ABOUT THIS SETTLEMENT OR THE CLAIM PROCESS.
Please do not reply to this email. We are unable to respond to inquiries
sent to this address. For immediate answers to your questions, visit our
Help Center by clicking "Help" located on any PayPal page or email.
Copyright © 2016 PayPal, Inc. All rights reserved. PayPal is located
at 2211 N. First St., San Jose, CA 95131.