April 10, 2014
A New York federal judge ruled Thursday that consumers couldn't prove American Express Co., Citigroup Inc. and Discover Bank conspired to introduce arbitration agreements with class action waivers, but warned the companies only escaped the antitrust suit by "a slender reed."
May 06, 2013
American Express Co., Citigroup Inc. and Discover Financial Services plotted to change their customer agreements to stop consumer class actions against them, a plaintiff's lawyer said Monday, wrapping up their case in the lengthy antitrust trial against the credit card giants in New York federal court.
March 21, 2013
American Express Co. told a judge Tuesday that class antitrust claims that it conspired with other card issuers to impose arbitration clauses on its cardholders by participating in educational meetings led by WilmerHale made no sense because the firm "would be signing its own death warrant if it were ... to become the epicenter" of such a conspiracy.
August 22, 2012
A New York federal judge on Wednesday cut $3 million from the attorneys' fees for a $49.5 million deal settling class claims that American Express Co. conspired with banks to impose hidden foreign currency conversion fees on its customers, saying that the diminished payout was consistent with similar payouts.
May 02, 2012
A New York federal judge Monday signed off on American Express Co.'s $49.5 million deal to settle class claims that the credit card giant conspired with banks to impose hidden foreign currency conversion fees on customers.
November 03, 2011
American Express Co. has agreed to pay $49.5 million to partially settle a class action in New York accusing the credit card giant of conspiring with several banks to fix foreign currency conversion fees and impose arbitration clauses in cardholder agreements, the plaintiffs' attorney said Thursday.
March 29, 2011
A New York federal judge on Tuesday shot down American Express Co.'s bid for summary judgment in a class action accusing the credit card giant of conspiring to fix foreign currency conversion fees and to impose arbitration clauses in cardholder agreements.