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Amex Gift Card Class Action Settlement Reached

This is a settlement for the lawsuit.

New York, NY: A proposed settlement in a consumer fraud class action lawsuit offers money to eligible users and holders of approximately 70 million American Express gift cards, plus benefits for others, including those who bought gift cards for other people. If you are included you may submit a claim form to request a payment or other benefits, or you may exclude yourself from the settlement, or object to it. The United States District Court for the Northern District of Illinois authorized this notice. Before any money is paid, the Court must decide whether to approve the settlement.

You are included as a "Class Member"if you purchased, received, held or used a gift card issued by American Express from January 1, 2002 through September 21, 2011. If your gift card has an American Express logo on it, it is part of the settlement. A detailed notice is available which explains more about who is in the Class as well as who is excluded.

The lawsuit claimed that American Express did not fully disclose all gift card contract terms, and misrepresented the value of the cards. The gift cards were subject to various fees, such as monthly fees and check issuance fees, resulting from trying to make transactions using a gift card and another form of payment. American Express denies that it did anything wrong, and the Court did not decide which side was right

For complete information on the lawsuit and to download forms, visit:

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Published on Oct-14-13


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