Steele et al. v. PayPal, Inc. et al.

[IntellectToday]

Hello everyone.

Today I received an E-Mail to the address listed under my PayPal Account, and it seemed awfully suspicious.

I figured it would be a good idea to post it here and gather your thoughts on it.

One of the most suspicious paragraphs I noticed in this, was them directing the reader not to reply to the E-Mail or contact PayPal.

I am wondering if this E-mail is legitimate, and if it was even sent by the group they claim to be represented by. Perhaps it was one of those programs where you can send E-mail and the From: can say any address. Therefore, if we were to reply, it would go to the E-Mail of that group, thereby notifying them of these people's actions.

Anyway, if you could take a look at it and let me hear your thoughts, I would appreciate it.

Subject: Federal Court's Notice of Proposed Class Action Settlement. Please Read.
From: [removed]
Date: Fri, August 29, 2008 7:00 am

Steele et al. v. PayPal, Inc. et al., Civil Action No. 1:05-CV-01720 (ILG)(VVP)
steelesettlement.com

Notice from Federal Court. Please Read.

You may be eligible to receive a benefit from a class action settlement if
you funded a PayPal transaction using a source other than your credit card
between February 1, 2004 and the present.

A federal court has directed that this notice be sent to inform you of a
proposed class action settlement. Records show that you may be eligible to
receive a benefit under the proposed settlement.

The settlement will resolve a lawsuit against eBay Inc. and PayPal, Inc.
(collectively, "Defendants") involving claims arising out of representations
in the PayPal User Agreement regarding PayPal's policies and practices for
responding to refund requests from those customers who pay for transactions
through PayPal using funds from funding sources other than credit cards.
Under the settlement, Defendants have agreed to establish a settlement fund
of $3.5 million to pay claims to potential class members. The proposed Class
is defined as:

all U.S. based PayPal account holders who funded a PayPal transaction after
February 1, 2004, using a source other than a credit card: (i) who
subsequently requested a reversal of the transaction through PayPal's
prevailing Buyer Complaint Policy and/or Buyer Protection Policy
(collectively, "Policies"); (ii) who did not receive a refund equal to 100%
of their transaction payment in response to such request from PayPal or their
bank; and (iii) who, through the timely submission of a Claim Form under
oath, attest to a reasonable and good faith belief that they would have
received a full reversal of such payment had they used a valid credit card in
their possession at the time of the subject transaction to fund the payment
and filed a timely chargeback request with their credit card issuing bank.
Excluded from the Class are any judicial officer to whom this Litigation is
assigned; PayPal, eBay and any of its affiliates; any current or former
employees, officers, or directors of PayPal or eBay; any Persons currently
residing outside of the United States; and, all Persons who timely and
validly request exclusion from the Class pursuant to the Notice.

To see if you are a Class Member and to obtain full notice of the Settlement,
the required procedures, the deadlines, your obligations, and your options,
you must visit steelesettlement.com. This email is only a brief summary
of the full notice that is posted on the website.

If you are an eligible Settlement Class Member, you have rights, obligations,
and options under the proposed settlement. You have until December 14, 2008
to file your Claim Form and Certification Form. Your legal rights are
affected whether you act or not.

1. Submit The Claim Form And The Certification Form By Mail

This is the only way to get a settlement payment. You must: (1) print and
fill out the Claim Form and return it by mail to the address provided on the
Claim Form; and (2) print the Certification Page of your Claim Form, sign it,
and return it by mail to the address provided on the Claim Form. Your Claim
Form and signed Certification Page must be mailed and postmarked no later
than December 14, 2008. For more information on these deadlines, the
Effective Date of the settlement, the Claim Form procedures, and the
settlement benefit, you must visit steelesettlement.com.

2. Exclude Yourself – Opt Out of the Settlement

If you do not want to remain a member of the Class and participate in the
Amended Settlement, then you may exclude yourself (opt-out) from the Class by
mailing or delivering (email is not permitted) your written request. Your
original, signed request for exclusion must be RECEIVED on or before October
31, 2008 and mailed to the following address:

PayPal/Steele Class Action Settlement
c/o The Garden City Group, Inc.
P.O. Box 9309
Dublin, OH 43017-4209

Your request for exclusion must contain your name and address, be signed by
you, and include the reference "Steele et al. v. PayPal, Inc. et al., Civil
Action No. 1:05-CV-01720." If you exclude yourself from the Class, you will
not participate in the Amended Settlement and will not receive any payment
from the Amended Settlement.

3. Object

Write to the Court about why you do not like the settlement. Your objection
must be filed with the Clerk of the United States District Court for the
Eastern District of New York, Brooklyn Main Office, 225 Cadman Plaza East,
Brooklyn, New York 11201, no later than October 31, 2008. Pursuant to the
Court's Order, you may not be heard on or entitled to contest the Court's
decision unless you have filed written objections no later than October 31,
2008. A hearing ("Settlement Hearing") shall be held before Hon. I Leo
Glasser on November 17, 2008 at 10:00 a.m. at the United States District
Court for the Eastern District of New York, Courtroom 8B South, 225 Cadman
Plaza East, Brooklyn, New York 11201.

4. Do Nothing

You will automatically be included in the Settlement Class and give up your
right to be part of any other lawsuit about the claims in this case, but you
will not be eligible to receive a settlement benefit unless you submit a
Claim Form.

To get complete information about the proposed Settlement, the required
procedures, the deadlines, your obligations, and your options, you must visit
steelesettlement.com.

Please do not contact PayPal, or PayPal's customer support about this Notice,
or the Settlement. Instead, you must visit steelesettlement.com for
complete information about the proposed Settlement, the required procedures,
the deadlines, your obligations, and your options.

Please do not reply to this message. We are unable to respond to inquiries
sent in reply to this email. To contact us, please access the official
settlement website at steelesettlement.com.

[IntellectToday]

I found a bunch of facts on this situation here:

[link removed]

[cashgators]

Dude delete it.. it's prolly some Nigerian dude looking for money.

[merovinq]

I would venture to say scam

[Scottsman]

I agree, sounds particularly scammy

[my_misyel]

Trust only direct information coming from Paypal's website only.Maybe you have to send that particular email to paypal's customer service for verification and proper action.

[MelogKnaj]

Sounds like a scam, paypal should never email you with stuff like that.

[dWhite]

It's most definitely a scam. If you were involved in a federal court case, you would have received a letter by US Mail with official government markings on it.

[Canquain]

Why not contact paypal maybe? I think its a scam tho.

[asavantage]

Why don't you contact Paypal and ask them?