The funny part about this is that I could not find it on news search. Even when I tried Paypal lawsuit as terms. Lol! My gawd do they have the search engines rigged too?

I hope everyone who can blogs and/or tweets this etc.

Plaintiffs Work on Settlement in PayPal Holds Lawsuit
By Ina Steiner
EcommerceBytes.com
May 07, 2012

Online sellers who filed class action lawsuits against PayPal over the company's practice of holding funds for lengthy periods have reached a tentative agreement to settle following successful mediations.

The parties in Fernando v. PayPal and Zepeda v. PayPal are currently in the process of finalizing a written settlement agreement and exhibits, including proposed notice to the settlement class. A hearing on preliminary approval is set for June 12, 2012, with the motion for preliminary approval to be filed by May 8, 2012.

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