eBay Charged with Racketeering in Class Action Lawsuit
By Ina Steiner
Eleven eBay users filed a class action lawsuit against eBay, PayPal and Essex Technological Group Inc. The lawsuit claims the defendants falsely represented that bank accounts if used through PayPal would provide the same protection as credit cards, and plaintiffs were not allowed to exercise their chargeback rights. The lawsuit also charges that PayPal and eBay's activities violated the RICO (Racketeer Influenced and Corrupt Organizations Act).
See Newsday story, http://www.newsday.com/business/ny-bzebay4206633apr07,0,5393346.story
About the author:
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to email@example.com.
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