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ECT News Community   »   E-Commerce Times Talkback   »   Re: PayPal Booted Out of State, Under Legal Siege

Re: PayPal Booted Out of State, Under Legal Siege
Posted by Elaine X. Grant on 2002-02-12 14:03:52
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Just days after a lawsuit forced PayPal to delay its IPO, the state of Louisiana ordered
the online payment company to stop doing business with its residents without a license.
New York, California and Idaho also have notified PayPal that it may be operating an
unauthorized banking business. "They don't have to worry about Louisiana, but they do
have to worry a lot about California and New York, and whether this sets a precedent for
other states," Gartner analyst Avivah Litan told the E-Commerce Times.

 * Topic  Author  Date
Re: PayPal Booted Out of State, Under Legal Siege  Elaine X. Grant  2002-02-12 14:03:52
Re: PayPal Booted Out of State, Under Legal Siege?Deutsche Bank-ING  leeflang  2002-02-13 12:44:06
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