|PayPal Makes Settlement Deal With 28 States|
|Reuters News Wire (firstname.lastname@example.org)|
Thu, 28 Sep 2006 13:27:57 -0500
EBay Inc.'s (Nasdaq:EBAY - news) online payments unit, PayPal, has|
signed an agreement with attorneys general from 28 U.S. states to
clarify how it notifies consumers of the measures it takes to protect
their financial data, the company said on Thursday.
Under the deal, PayPal will pay $1.7 million to the states.
PayPal said it will, among other things, shorten and streamline its
PayPal also said it reached a settlement in a proposed class action
Under the terms of the settlement deals, PayPal is not admitting any
The state attorneys general involved in the deal represent Alabama,
The federal lawsuit was filed in 2005 on behalf of a class alleging
The legal settlement will be presented for preliminary approval to the
Copyright 2006 Reuters Limited.
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