A $9.25 million settlement has been reached and in pending approval in the class action lawsuit filed on behalf of involves individuals and businesses that had a PayPal account during the period from Oct. 1, 1999 through Jan. 31, 2004, excluding European Union users. The suit alleged that the company did not appropriately communicate information regarding customer transactions and did not appropriately process limits that were placed on some customer accounts. (Jun-14-04) [CNET] [EMAIL LAW FIRM]

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