>Bill Me Later
Date Filed: January 4, 2010
Court: U.S. District Court
Location: California
Ticker Symbol: EBAY
Hagens Berman filed a class-action lawsuit against Bill Me Later, Inc., an eBay-owned company (NASDAQ: EBAY) offering consumers instant credit for online purchases.
The complaint claims Bill Me Later violates California consumer-protection laws by charging customers inflated interest fees and late penalties. According to the complaint filed in the Northern District Court of California some consumers report that annual interest rate Bill Me Later charges exceed 100 percent per year.
The suit contends that Bill Me Later - which is not a government-regulated financial institution - has entered into a relationship with CIT Bank to create the appearance that the bank is extending credit terms. In fact, Bill Me Later controls the entire transaction.
Under California law, organizations other than state-chartered banks cannot charge interest greater than 10 percent per annum.
Hagens Berman Sobol Shapiro is asking to represent California residents, who believe they have paid excessive fees to use the Bill Me Later option, and may be interested in participating in an action to stop these practices.
Join this case online or contact Jeff Friedman at billmelater@hbsslaw.com.
Court: U.S. District Court
Location: California
Ticker Symbol: EBAY
Hagens Berman filed a class-action lawsuit against Bill Me Later, Inc., an eBay-owned company (NASDAQ: EBAY) offering consumers instant credit for online purchases.
The complaint claims Bill Me Later violates California consumer-protection laws by charging customers inflated interest fees and late penalties. According to the complaint filed in the Northern District Court of California some consumers report that annual interest rate Bill Me Later charges exceed 100 percent per year.
The suit contends that Bill Me Later - which is not a government-regulated financial institution - has entered into a relationship with CIT Bank to create the appearance that the bank is extending credit terms. In fact, Bill Me Later controls the entire transaction.
Under California law, organizations other than state-chartered banks cannot charge interest greater than 10 percent per annum.
Hagens Berman Sobol Shapiro is asking to represent California residents, who believe they have paid excessive fees to use the Bill Me Later option, and may be interested in participating in an action to stop these practices.
Join this case online or contact Jeff Friedman at billmelater@hbsslaw.com.
Key Attorneys
Steve W. Berman
Mr. Berman helped to found the firm in 1993, and is the managing partner. He has served as lead or co-le... link >>
Jeff D. Friedman
Mr. Friedman is a partner at Hagens Berman's San Francisco office where he specializes in class actions ... link >>
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