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I wonder if this is part of David Marcus' plan to "radically change" paypal and "earn your trust again"... http://ndy.gd/JJgB http://ndy.gd/JJgB edit: added t

• yuhong 14y ago
  Well, class action suits itself are not free of problems.
  • rayiner 14y ago
    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.
• paulgb 14y ago
  It's interesting in contrast to the way Microsoft does it, as explained by grellas here: http://news.ycombinator.com/item?id=4460843 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.