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Re:Paypal policy update: No class-action suits by ajw0100 on Wednesday October 03, 2012 @04:01PM (#4609402)
I wonder if this is part of David Marcus' plan to "radically change" paypal and "earn your trust again"...

http://ndy.gd/JJgB

edit: added trust quote.

Re:Paypal policy update: No class-action suits by paulgb on Wednesday October 03, 2012 @04:41PM (#4609577)
It's interesting in contrast to the way Microsoft does it, as explained by grellas here: http://news.ycombinator.com/item?id=4460843

They're similarly restricting class action suits, but doing so in a way that comes off as quite generous.

Re:Paypal policy update: No class-action suits by yuhong on Wednesday October 03, 2012 @04:10PM (#4609451)
Well, class action suits itself are not free of problems.
Re:Paypal policy update: No class-action suits by rayiner on Wednesday October 03, 2012 @04:48PM (#4609609)
They're not, but they're a solution to a basic structural problem in the law. In countries like the US that depend on private suits to accomplish what in some other countries would be done through government enforcement actions, it becomes possible to profit by screwing over a large number of people for a small amount each. If that amount is less than a threshold, it becomes unprofitable to litigate, and only a few such claims will be brought, far less than the actual damages caused by the company.