eBay Settles Class Action Lawsuit for $1.2 Million

eBay will pay $1.2 million to settle a lawsuit filed in 2012 over practices related to its Buy It Now feature. Luis Rosado sued eBay after becoming fed up with a nonpaying bidder for an eBay Motors listing for which he had paid $36 for the original listing and $36 for each of his two relistings. Rosado complained that while prospective eBay sellers know they won't receive a refund for listing fees if their item runs its course and doesn't sell, "they have no reason to suspect their item may be delisted."