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eBay Settles Billing Claims
EBay Inc. (EBAY) disclosed Tuesday that it has settled a class-action lawsuit claiming the company engaged in improper billing practices.
According to a quarterly report filed with the Securities and Exchange Commission, the Superior Court of the State of California, County of Santa Clara, approved the settlement agreement. The plaintiffs agreed to dismiss the lawsuit and release eBay from all claims, and the online auction service agreed to make a $250,000 payment primarily directed to charity.
The lawsuit, alleging conversion, negligence and violations of unfair competition laws, was filed by Robert Cerreta of West Palm Beach, Fla., and Nancy Spaulding of North Ridgeville, Ohio, on behalf of other EBay users affected by the situation.
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