LiPuma v. American Express Company
- Case Date: 2/14/2005
- Project Name: Reining in the Plaintiffs' Bar
WLF filed a brief on February 14, 2005 in Miami federal court objecting to a proposed class action settlement against American Express Company, including $11 million in attorneys' fees. The suit claims that AmEx improperly assessed and disclosed surcharges of 1-2% to foreign currency conversions for cardholders who used their AmEx card overseas over the last five years. WLF argued that the settlement was not fair, reasonable, and adequate, arguing that class members' accounts should be automatically credited without the necessity of their completing and submitting claim forms which most members will not do, and that the proposed $11 million fee is excessive, particularly since this was a copycat lawsuit similar to one against Visa and MasterCard.
|Final hearing held March 14, 2005. Awaiting decision.|
More Information and Downloads:
2/12/2005: Download the Brief