MyLife Execs, VC Firm Exit Class Action

Law360, New York (August 15, 2011, 5:42 PM EDT) -- A California federal judge on Monday dismissed Inc. executives and venture capital firm Oak Investment Partners from a proposed class action alleging scams users into paying for a phony list of people supposedly searching for them.

According to the plaintiffs, MyLife tells potential victims that someone is searching for them and that they can find out who by paying a small fee. The suit claims MyLife then charges users who provide billing information for a much larger amount than advertised, often more than $100,...
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