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.

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

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.

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

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.

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.

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.

Hi Patty,

Only one settlement per person.

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

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.

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.

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.

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

Brilliant

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

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!

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.)

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

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.

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.