Paypal Class Action Settlement.
07-30-2004, 12:25 PM
#11
I as well received it...read it....realized i didn't understand a single bit of it....and figured as much as i'd like to get some money i can't find any way that paypal would owe me money....it's always worked well for me
07-30-2004, 12:47 PM
#12
50 Watt CAFz'r
Join Date: Jul 2004
Posts: 241
07-30-2004, 01:50 PM
#14
500 Watt CAFz'r
Join Date: Aug 2002
Posts: 604
Originally posted by dodgeram:
K so if you never had your account frozen you don't get nothing ......
well that leaves me out [img]smile.gif[/img]
K so if you never had your account frozen you don't get nothing ......
well that leaves me out [img]smile.gif[/img]
07-30-2004, 04:09 PM
#15
1000 Watt CAFz'r
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Join Date: Oct 2003
Posts: 1,649
Yeah, It applies to people who have had their account frozen for one reason or another. I also thought it was a scam at first.. but it isnt. [img]smile.gif[/img] Anyone here eligible? [img]smile.gif[/img]
07-31-2004, 12:01 AM
#17
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Join Date: Oct 2003
Posts: 1,649
you think it's actually worth the time? Looks like TONS of people wil lbe applying.. and that setelement fund over a TON of people, minus thoose huge legal fees comming out of the setelement, doesnt seem to me like it wil lbe much per person..
08-01-2004, 01:02 PM
#20
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Join Date: Jul 2000
Posts: 347
Originally posted by Chadxton:
9.7 million sure doesn't look that big when over, say 5 million people, does it?
9.7 million sure doesn't look that big when over, say 5 million people, does it?
If the Court awards attorneys' fees and costs in the amount requested, Class Counsel estimate that there will be approximately $4.3 million to pay the claims of Dispute Resolution Claimants. Half of the money allocated to Dispute Resolution Claimants will be allocated to pay Short Form Claimants (the "Short Form Fund"). The other half will be allocated to pay Long Form Claimants (the "Long Form Fund").
That means the lawyers will eat up $5.4 million, more than half of the settlement - big surprise. Next, 1/2 of the remaining money goes to the "long form" people who REALLY lost money on this. That leaves $2.15 million for all of you who want that quick buck for having done nothing. Divide $2.7 million by 9 million people and you get $0.22 cents @ person.
Ok, now you're saying "most people are lazy and won't apply". Sure, I'll buy that, now if only 10% of people apply they will get a whole $2 US. Start up that BBQ, the steaks are coming out !! In the end as always, its only the laywers that win [img]smile.gif[/img]
To add, for Tinted to get $1600 and with ONLY 10% of the people applying on the short form, there would need to be a $1,440,000,000 settlement
[ August 01, 2004, 02:07 PM: Message edited by: A3-VR6 ]
