NOTICE OF CLASS-ACTION SETTLEMENT
>
> THIS NOTICE MAY AFFECT YOUR RIGHTS. PLEASE READ IT
> CAREFULLY.
>
> A settlement has been reached in a class action in which the
> plaintiffs allege, among other things, that PayPal
> improperly handled disputed transactions on PayPal accounts
> and improperly placed holds and reserves on accounts or
> closed or suspended accounts. Plaintiffs also allege that
> PayPal failed to provide annual error-resolution notices and
> monthly account statements under the Electronic Fund
> Transfer Act.
> You are a member of the Settlement Class if you had an
> active PayPal account between April 19, 2006 and November 5,
> 2015. Certain Settlement Class Members who had a hold or
> reserve placed on their account and/or who had their account
> closed or suspended by PayPal are eligible to receive a
> monetary payment upon submission of a valid claim form.
>
> This notice summarizes the proposed settlement. For the
> precise terms and conditions of the settlement, please see
> the Settlement Agreement available at www.accountholdsettlement.com
> or by visiting the office of the Clerk of the Court for the
> United States District Court for the Northern District of
> California, 1301 Clay Street, Oakland, CA 94612, between
> 9:00 a.m. and 4:00 p.m., Monday through Friday, excluding
> Court holidays.
>
> PLEASE DO NOT TELEPHONE THE COURT OR THE COURT
> CLERK’S OFFICE
> TO INQUIRE ABOUT THIS SETTLEMENT OR THE CLAIM
> PROCESS.
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