ira

For those of you who ight mnot know of this, www.lipumasettlement.com gives the details of a class action suit for AMEX card members who charged goods and services in foreign currency from 1997 to 2004.

I expect to get as much as $35.00.

The lawyers are asking for $11,000,000.

swandav2000

Hi ira,

Thanks so much for posting this. I also got the notice, but because they asked for my cc number, I wasn't sure if it was a scam . . .

So now I feel ok.

Thanks again!

s

LoveItaly

Is there anything on the AMEX site? I would not give any personal details unless I called the AMEX office direct or knew there was info on their website, which I would go directly to.
Phsing (or whatever it is called) is a great problem on the web.

Am sure Ira checked everything out very carefully, but I would be cautious.

Scarlett

We just sent in our papers today. The Yankee says we will get a few cents.

ira

Hi all,

For those of you who are concerned about whether this is legitimate:

I found out about it at www.americanexpress.com

I have been in contact with the settlement office by snail mail.

It is absolutely legitiate.

Further opinions,

It is the most outrageous lawsuit I have ever heard of since the Toshiba settlement.

Patty

I wonder if I should send in one form or multiple forms (one for each of my Amex accounts). Does anyone know? I tried calling the number, but it's just a bunch of pre-recorded info that's of no help.

LoveItaly

Thanks Ira, I figured you knew what you were talking about - just have read about so many schemes lately.

So tired of classaction suits - it seems as though all the paperwork is hardly worth the while but I will check it out too. Take care.

ira

Hi Patty,

Only one settlement per person.

Scarlett

We were involved in one of these a few years ago when we had owned an Infinity. We got a check for something like $1.32

StCirq

I just got mine in the mail a few minutes ago. It's legit - I remember getting a notice from them a few months ago and tossing it in the trash. I'll fill it out and send it in, for what it's worth - probably enough to buy a bottle of Badoit next trip to Paris.

Patty

ira,
The notice that I received in the mail says 'one claim per account' which is what's leading to the confusion. On top of that my cards have 2 different billing addresses.

ira

Hi Patty,

On the claim form is a space for the account number.

Do not fill it in.

If you only get $27.95, complain that you should have gotten $55.90.

Fodorite018

Perfect timing for this! We just got our notice in the mail today and I was wondering if it was on the up and up. I have no idea what we will get back, but I do know I did WAY too much shopping with it

Patty

Brilliant

jody

My DH got one for his account today..but I didn't for mine..so I printed off a form from the website. We've both used our individual cards many times within the time frame. Hey if we only get $15.00 each that's 30 dollars..or a half tank of gas or 2 bottles of wine in France! BTW..$15.00 is the minimum you'd receive

wren

I threw mine out b/c in a way, it is a scam. Like Ira said, the lawyers make millions and the little people, whom the lawyers could give a hoot about, make pennies. I don't want to aid them in their scams!

nytraveler

This is not a scam. The "little people" are getting millions of dollars - just dividied up among a lot of us. So - if you would rather complain then get the cash - be my guest - more for me!

(And we got the paperwork on this in the mail last week.)

wren

Not complaining at all. Just not going in on the class action suit either!

platzman

I think I received a check from Citibank a year ago as the result of a class action. The grand total for me was...

NINE CENTS!

I was never that good at math, but I'm pretty sure that it cost more than nine cents just to mail the check.

Scarlett

and is the alternative to not participating in a class action law suit, or even bringing one against a company like American Express, allowing them to get away with illegal practices? Making even more money on us?
This one ( to my understanding) was for their conversion of foreign currency charges for 7 years! We have used our AmEx cards in Europe since before then! That is a lot of charges they got and got away with.
So while one might see the attorneys making millions (don't they anyway?) the companies get a message also.