AmEx Can Arbitrate Discount Club Fraud Claims: Judge

Law360, New York (December 6, 2011, 9:00 PM EST) -- A New York federal judge on Monday agreed to allow American Express Co. to arbitrate the claims of two plaintiffs in a putative class concerning allegedly unauthorized charges to their bank accounts from a private equity-owned consumer discount club service.

U.S. District Judge Jed Rakoff granted American Express' request that the claims accusing it of not protecting its customers be stayed and compelled arbitration hearings for the two named plaintiffs. He did not give a reason for his decision in Monday's order, but said he would...
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