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Violation Tracker Individual Record

Company: PayPal, Inc.
Current Parent Company: PayPal Holdings
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $4,000,000
Year: 2017
Date: March 24, 2017
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: PayPal agreed to pay $4 million to settle litigation alleging it illegally put holds on account funds.
Level of Government: federal
Action Type: private litigation
Court: Northern District of California
Civil or Criminal Case: civil
Case ID: 4:10cv2500
Case Name: Zepeda v. PayPal, Inc.
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: online payments
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
Link to Archived Court Document:  subscribe to see this data field
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.