The lawsuit alleges that the online billing company illegally restricts customers with access to their funds.
A class-action suit was filed against PayPal this week, just days after its initial public offering of stock.
The lawsuit, filed in the California Superior Court in Santa Clara County on behalf of customers by the law firm of Jacoby & Meyers, alleges that the online billing company illegally restricts customers with access to their funds. PayPal halts transactions on accounts if it suspects fraudulent activity, which can delay fund access and outgoing and incoming payments. PayPal raised more than $70 million in its Feb. 14 IPO.
5 Top Federal Initiatives For 2015As InformationWeek Government readers were busy firming up their fiscal year 2015 budgets, we asked them to rate more than 30 IT initiatives in terms of importance and current leadership focus. No surprise, among more than 30 options, security is No. 1. After that, things get less predictable.