![]() If you or a loved one has suffered similar damages or injuries, please fill in our form on the right and your complaint will be sent to a consumer frauds lawyer who may evaluate your claim at no cost or obligation. The fundamental goal of the lawsuit is to bring attention and monetary consequence to eBay to divest itself of any interest or activity, direct or indirect in the distribution of counterfeit or potentially counterfeit products. Returned counterfeits are easily recycled, re-listed and re-sold to unsuspecting consumers, and the buyer loses their only evidence of receiving a counterfeit." When confronted on the counterfeit purchases, eBay directs consumers to mail counterfeits back to the seller as a mandatory condition for a refund. ![]() The lawsuit asserts that because eBay and PayPal cannot continue to enjoy the enormous profits derived from the proliferation of counterfeit and fake products sold on the eBay website if the intentional infringing sellers are excluded, eBay' policies and practices are designed to, among other things, (i) promote the unlawful activities of its unauthorized sellers by soliciting eBay buyers to purchase fake products knowingly using listings that infringe on registered trademarks, (ii) conceal and protect the identity of the sellers who are responsible for intentional trademark infringement on the eBay website, and (iii) ignore evidence of the unlawful activities by its unauthorized sellers.Īccording to the Complaint, to avoid liability, eBay' policies and practices are designed to manufacture the false optic that it does not know or suspect the rampant and on-going advertising on of fake products that infringe on the trademarks' of legitimate rights holders, such as Plaintiff.Īccording to the complaint, "Plaintiffs are informed and believe that even more shocking is that consumers actually receive email notifications and eBay webpage from eBay encouraging the purchase of known counterfeit and fake products. When I went to withdraw the first payment to my bank they said there was a 72 hour delay plus the 1. Here what lead me to this: I was paid by 2 friends money as friends and family. Most importantly, eBay' response to The Counterfeit Report® investigation confirms that eBay is "willfully blind"to the rampant trafficking in counterfeit and fake products on ". Hello all, I’d like to reach out to everyone who is tired of PayPal’s sick policy and sketchy business. The Paul, Weiss team included litigation partners Daniel Kramer, Melinda Haag, Audra Soloway and Geoffrey Chepiga, and counsel Daniel Sinnreich.Los Angeles, CA: Claims of consumer fraud have been filed against eBay® and PayPal® and various eBay Sellers in Federal Court under the Racketeer Influenced and Corrupt Organizations Act (RICO) and the Lanham Act claiming the defendants knowingly and deliberately facilitate, proliferate and profit from the ongoing sale of counterfeit and fake products on .Ī two-year investigation by The Counterfeit Report®, a consumer anti-counterfeiting advocate, provided investigative detail and insight into eBay' ecosystem to advertise, list, manipulate, sell, finance, ship and encourage the sale counterfeit and fake products, attorneys for the plaintiffs stated. Furthermore, the fact that the company’s CEO and then-CFO increased their holdings of PayPal stock during the putative class period was also inconsistent with fraudulent intent, the court found. The court also found that the plaintiffs failed to plead a strong inference of scienter because they were unable to point to any statement or conduct indicating any defendant’s knowledge of any regulatory violation. District Judge Charles Breyer held that the plaintiffs failed to identify any material misstatement or omission, specifically finding that the company had no obligation to disclose uncharged, unadjudicated alleged wrongdoing that plaintiffs failed to allege any actual regulatory violation and that general statements about compliance were nonactionable corporate puffery. In his comprehensive 24-page opinion dismissing the case without prejudice, U.S. District Court for the Northern District of California, plaintiffs alleged that PayPal failed to disclose supposed violations of a consent order with the Consumer Financial Protection Bureau in 2015, as well as supposed violations of regulations governing debit card interchange fees, thereby misleading investors about PayPal’s compliance program and commitment to compliance. and several company executives, obtaining the dismissal of all claims in a regulatory compliance-related securities class action. In a class action lawsuit, one or more people called Class Representatives sue on. Paul, Weiss achieved a significant victory for multinational financial technology company PayPal Holdings, Inc. Settlement payments to class members have commenced on May 9, 2022. Data Innovation, Privacy & Cybersecurity.Family Office & High-Net-Worth Individuals.
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