As a customer, it’s always a great feeling to receive compensation for something that didn’t go as planned. The recent Amex Gift Card Class Action Settlement is a prime example of this. With millions of dollars being paid out to eligible participants, this settlement is a testament to the importance of standing up for our rights as consumers. If you were affected by the issues surrounding Amex gift cards, now is the time to claim your share of the settlement and get the compensation you deserve.
What is the Amex Gift Card Class Action Settlement?
The Amex Gift Card Class Action Settlement is a legal resolution to a lawsuit brought against American Express for misrepresenting the terms and conditions of their gift cards. As a result, millions of dollars are being paid out to eligible claimants.
Who is Eligible to Receive Compensation?
Individuals who purchased or received an American Express gift card between January 1, 2002 and September 21, 2018 are eligible to receive compensation. However, the exact amount of compensation will vary based on a variety of factors, such as the amount spent on the gift card and whether the card was ever used.
How Do I File a Claim?
To file a claim, eligible individuals must submit a claim form online or by mail. The deadline to file a claim is March 15, 2021. It is important to note that submitting a claim does not guarantee compensation.
What Can I Expect to Receive?
The exact amount of compensation each claimant will receive is unknown, as it will be based on a variety of factors. However, it is estimated that eligible claimants could receive up to 100% of the funds remaining on their gift card, as well as a payment of $10 for each gift card that was improperly marketed.
When Will I Receive My Compensation?
Compensation will be distributed after the claim filing deadline has passed and all claims have been reviewed and approved. It is currently estimated that compensation will be distributed in late 2021.
1. The Amex Gift Card Class Action Settlement is a great example of how consumers can come together to hold companies accountable for their actions.
2. This settlement has paid out millions of dollars to eligible consumers, providing them with a much-needed financial boost.
3. By participating in the settlement, consumers can not only receive compensation for their losses but also send a message to companies that they must prioritize consumer rights and transparency.
4. Overall, the Amex Gift Card Class Action Settlement is a win for consumers, showing that collective action can lead to positive change and fair compensation.
No Thanks. By Scott Holland Dec 11, While they called the deal flawed, a federal appeals panel in Chicago nevertheless has upheld a settlement ending a class action lawsuit against American Express over gift cards. District Judge Joan B. Gottschall had granted final approval to a settlement agreement in the case docketed in Chicago federal court as Case No. Representing the intervening plaintiffs were attorneys with the firms of Daniel Cobrinik P. From that group, J. Goodman and Carla Santsche appealed the settlement and the attorney fees. Judges William J. Bauer, Daniel A. Manion and David F. Hamilton of the U. Seventh Circuit Court of Appeals heard arguments Sept. The case centered on allegations American Express had defrauded people who held gift cards issued by the finance company. The split-tender policy ultimately resulted in many small balances remaining trapped on the cards, until reverting to American Express. The filing deadline argument failed, Manion wrote, in part because support briefs routinely address the amount of opposition to proposed settlements, which can only happen once the objection deadline passes. With respect to the arbitration finding, the intervenors said Gottschall failed to consider the question of the enforceability of a contract between American Express and people who bought gift cards. The panel, however, explained if Gottschall denied arbitration, it might have concluded the matter should have gone to arbitration, which almost certainly would have favored American Express. Sign-up and get latest news about the courts, judges and latest complaints – right to your inbox. The breadth objection involved American Express being released from future claims related to gift cards sold from Jan. The intervenors said certain claimants would get nothing of value should the settlement proceed. Sign-up Next time we write about any of these organizations, well email you a link to the story. You may edit your settings or unsubscribe at any time. Court of Appeals for the Seventh Circuit. Thank you for signing up for Cook County Record Alerts! Please select the organizations you wish to subscribe to. We will email you whenever we publish an article about these organizations. You may update or cancel your subscription at any time. Opinion Their View. Home Stories December. Weekly Newsletter Sign-up and get latest news about the courts, judges and latest complaints – right to your inbox. By signing up you agree to receive email newsletters or alerts from Cook County Record. You can unsubscribe at any time. Want to get notified whenever we write about any of these organizations? Miller Law LLC. American Express Company. Daniel Cobrinik P. District Court for the Northern District of Illinois.
By Lucy Campbell. 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. Before any money is paid, the Court must decide whether to approve the settlement. You are included as a Class Memberif you purchased, received, held or used a gift card issued by American Express from January 1, through September 21, 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. Please click here for a free evaluation of your claim. Please read our comment guidelines before posting.
If you filed a claim for this settlement, keep checking your mailbox because you may soon be receiving compensation. The American Express settlement resolves a class action lawsuit that alleged the company failed to notify consumers about the full terms and conditions of American Express gift cards. The plaintiffs, who originally filed the AmEx gift card class action lawsuit in , claimed that this lack of notification resulted in consumers being unable to use the full value of the gift cards because merchants would not allow consumers to use two forms of payment for a transaction. The American Express class action lawsuit also says fees were improperly applied against the available gift card funds. Class Members of the gift card settlement include anyone who purchased, received, held or used an American Express gift card between Jan.