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[December 29, 2020] Proposed settlement announced in class actions against PayPal TORONTO, Dec. 29, 2020 /CNW/ The following statement is being issued by Paliare Roland Rosenberg Rothstein LLP in regard to a proposed settlement. A negotiated settlement has been reached for two foreign exchange class actions against PayPal. The settlement is subject to approval by the Ontario Superior Court of Justice and the Québec Superior Court. The class actions allege that PayPal CA Limited, PayPal Canada Co., PayPal, Inc., and PayPal Holdings, Inc. (collectively, PayPal ) charged users more for currency conversions than it was entitled to under PayPal s user agreements between January 2017 and August 2018. The plaintiffs also allege that PayPal performed currency conversions in relation to certain purchases and withdrawals from PayPal accounts when it was not authorized to do so for certain time periods between 2006 and August 2018.

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