Class action lawsuit against Ebay

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Posted By: Dylan

I received in my Ebay inbox information on a current court case in the SUPERIOR COURT OF THE STATE OF CALIFORNIA. Its a class action suit against Ebay alleging that eBay's automatic increase in certain circumstances of an existing bid where no competing bid had been made and increasing the bid was not necessary to meet a minimum reserve was improper and artificially inflated the bids of eBay buyers, thus causing damage to eBay buyers.
So when you are already the high bidder and you wish to increase your max bid, ebay will increase your current bid even though no one has bid against you correct? I know it doesnt amount to much money per Ebayer but probably amounts to a nice chunk of change overall for ebay.