PayPal Investigation

PayPal was recently hit with a nationwide class action which challenged PayPal's alleged fraudulent practices of "holding" funds for up to 180 days in the accounts of entities and consumers that collect wages and/or payments for product and services through the PayPal system.

The action stated that PayPal systematically and arbitrarily had frozen funds in PayPal accounts for up to 180 days and sometimes even over 300 days without providing any explanation or factual basis for its actions.  PayPal allegedly had the use of the "frozen" funds during this hold period and apparently kept all interest accrued during this hold generated by the funds.

[From press reports.]

If you have experienced similar issues with PayPal, the law firm of Audet & Partners, LLP would like to talk to you, since we are investigating this matter.  Please contact us (toll free) at 800.965.1461, or via the simple and confidential contact form on the right hand side of this page.

Audet & Partners represents individuals, governmental entities, small businesses and institutional shareholders in product liability, tort, negligence, consumer, construction defect, investment fraud, securities, insider trading, antitrust, environmental, whistle blower, aviation and employment cases. In recognition of their outstanding abilities and commitment to the legal profession over the years, the firm and its members have served as Court-appointed Plaintiffs’ Counsel in dozens of federal and state cases throughout the United States.