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Posts Tagged ‘phish’

eBay Motors $30 million Class Action Lawsuit

By Eastwood   |    January 13, 2011 2:27 pm    |   Random   |    9 Comments

What’s this mean to most sellers who were overcharged? Well it means you might be getting back some of your eBay fees. But how much? At the moment, according to eBay’s calculations, which have not been finalized, it is estimated that the refunded amount would be around 6.67% of the Final Value Fees paid (net of any previous refunds). So the more you paid, the more you get back! You have several options if you were a seller effected by this. You can either do nothing and get a check mailed to your registered address, or you can opt out of the settlement and probably sue on your own, or you can object to the settlement.

At the time of this post, this settlement has not yet been approved. The Court will hold a hearing on March 28th, 2011 to determine if this final Settlement will be approved, if it is, expect a check in the mail. This is obviously a huge blow to eBay. Note: This Settlement only applies to eBay Motors – Parts & Accessories Listings, this does not include Store items.