Anyone get this email from Paypal??
 

Not sure if this is legit or not......here's part of it, the whole thing is too long to post.




IF YOU OPENED A PAYPAL ACCOUNT BETWEEN OCTOBER 1999 AND JANUARY 2004, YOU MAY BE ENTITLED TO A PAYMENT FROM A CLASS ACTION SETTLEMENT.


PLEASE READ THIS NOTICE CAREFULLY.


UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF CALIFORNIA
SAN JOSE DIVISION

In re PayPal litigation
Case No. CV-02-01227-JF (PVT)

NOTICE OF PENDENCY OF CLASS ACTION AND PROPOSED SETTLEMENT


1. WHY DID I GET THIS NOTICE?
You have been sent this Notice because the records of PayPal, Inc. indicate you are a current or former PayPal account holder. This means you may be eligible to receive a payment from the proposed class action settlement in the lawsuit In re PayPal Litigation, Case No. 02 1227 JF PVT, pending in the United States District Court for the Northern District of California in San Jose. This Notice provides a summary of the terms of the proposed settlement. It also explains the lawsuit, your legal rights under the settlement, what benefits are available to you under the settlement, and how to get them.


2. WHAT IS A CLASS ACTION?
In a class action, one or more people, called Class Representatives (in this case Roberta Toher and Jeffrey Resnick), sue on behalf of people who have similar claims. All of these people are members of the Class. One court resolves the issues for all Class Members, except for those who exclude themselves from the Class. United States District Judge Jeremy Fogel is in charge of this class action.


3. WHAT IS THIS LAWSUIT ABOUT?
In early 2002, Plaintiffs Roberta Toher and Jeffrey Resnick filed separate lawsuits against PayPal, Inc. These two cases were later consolidated into one lawsuit in the United States District Court for the Northern District of California, San Jose Division, entitled In re PayPal Litigation, Case No. CV 02 01227-JF (PVT). The lawsuit alleges that PayPal violated the federal Electronic Fund Transfer Act ("EFTA"), 15 U.S.C. §§ 1693 et seq., including provisions requiring PayPal to supply customers with information about dispute resolution procedures and to follow certain procedures when investigating complaints of unauthorized or incorrect electronic fund transfers. For example, the lawsuit claims that PayPal did not provide account statements in the manner required by the EFTA. The lawsuit further alleges that PayPal has placed inappropriate restrictions or other limits on customers' accounts and engaged in other improper practices. Based on these practices, th PayPal does not believe that it did anything wrong. In fact, PayPal disputes that the EFTA, originally passed in 1978, applies to its business. PayPal denies any and all liability for the claims alleged in the lawsuit. The Court did not decide in favor of the Plaintiffs or PayPal. Instead, beginning in the fall of 2003, the parties began a series of settlement negotiation sessions mediated by United States Magistrate Judge Edward Infante. Eventually, in November 2003, both sides agreed to a settlement in principle. By settling their claims, both parties avoided the uncertainty and cost of a trial. The settlement provides money and other benefits to the Class. On June 11, 2004, the parties entered into a formal, written Settlement Agreement, which is on file with the Court and available on the Internet at By entering into the Settlement Agreement, PayPal is not admitting any wrongd 4. HOW DO I KNOW IF I AM PART OF THE SETTLEMENT?
On July 12, 2004, Judge Fogel entered an order granting preliminary approval of the settlement and certifying the following class for purposes of the settlement: All Persons who opened a PayPal account during the period from October 1, 1999 through January 31, 2004. Excluded from the class are any judicial officer to whom the lawsuit is assigned; PayPal and any of its affiliates; any current or former employee, officer, or director of PayPal; anyone who resides in Austria, Belgium, Denmark, Germany, Greece, Finland, France, Ireland, Italy, Luxembourg, Portugal, Spain, Sweden, The Netherlands, or United Kingdom; and all persons who timely and validly request exclusion from the class pursuant to this notice.

Thus, if you opened a PayPal account between October 1, 1999 and January 31, 2004, and are not one of the excluded persons listed above, you are a member of the class.

My roommate got that email last night....

It's supposed to be a $50 payout, which isn't significant, really. I got the same e-mail.

It's legit:

http://www.snopes.com/inboxer/nothing/paypal.asp

I got the same email. So how do I get some money? I have not had the time to go through and read the entire email.

Anyone know more about this?

I read the other day, on a legit site, that everyone gets about 35 cents, not $50.

********It is not legit it's a FRAUD.***********
I just got an email back from paypal after I reported the suspicious email. Their response is as follows.

Thank you for bringing this suspicious email to our attention. We can
confirm that the email you received was not sent to you by PayPal. The
website linked to this email is not a registered URL authorized or used by
PayPal. We are currently investigating this incident fully. Please do not
enter any personal or financial information into this website.

If you have surrendered any personal or financial information to this
fraudulent website, you should immediately log into your PayPal Account and
change your password and secret question and answer information. Any
compromised financial information should be reported to the appropriate
parties.

If you notice any unauthorized activity associated with your PayPal
transaction history, please immediately report this to PayPal by following
the instructions below:

1. Go to https://www.paypal.com/



2. Click on the Security Center at the bottom of the page



3. Click on 'Report a Problem'



4. Select the Topic: Report Fraud



5. Select the Subtopic: Unauthorized use of my PayPal Account



6. Enter your question in the 'Summarize your question in one
sentence' box



7. Click Continue



8. Follow the instructions to access the appropriate form

We are continually improving our customer service to accommodate members'
needs and can be contacted via secure webform at
https://www.paypal.com/wf/f=default.

If you are unable to log in to your account, please contact us using the
webform at https://www.paypal.com/ewf/f=default.

This email is sent to you by the contracting entity to your User Agreement,
either PayPal Inc or PayPal (Europe) Limited. PayPal(Europe) Limited is
authorised and regulated by the Financial Services Authority in the UK as
an electronic money institution.

Tim, if you send them any message, they send that back ;) They're all robots, programmed by other robots, I tell ya!

I'm jonesing on your Beck Spyder, David. Got any pics??? Sorry for the thread hijack.

Don't jones too hard, you're better off with the c4. I admit they look good, and accelerate well, but fit and finish can be poor, and they perform reminiscent of a dune buggy. I tried to make mine "more specialer" than all the rest, dumped 40K, and still wasn't happy.

http://www.focusede.com/personal/myspyder/myspyder.htm

The email is legit. MSNBC is reporting that PayPal was SAYING the email was fake as a way of keeping people from registering. They stopped doing that after some inquiries made the news.

The max possible payout IF YOU had your account frozen is $50 USD IF you use the 'short form' response. Your account ID will be verified and account activity will be checked for evidence of being frozen. The max payout for using the 'long form' will be dependant on how much and how long your account was frozen. The documentation will be much more comprehensive using the long form.

If you'd had your account frozen, you'd know about this.

WHICH ONE PAYS MORE?
 

Statutory Damage Claim Form, Short Claim Form, or Long Claim Form ?

i got that about a month ago. crap i deleted it.

Cliff I want some money paypal sucksss