This website is best viewed using Firefox. Please update your browser.

On October 20, 2014, the Court approved a distribution of checks concerning foreign transaction fee claims made in connection with the settlements in the two related matters In re Currency Conversion Fee Antitrust Litig. and Ross, et al. v. American Express Co., et al. This is the third-and Plaintiffs' Co-Lead Counsel anticipate final-distribution of settlement funds. (The initial distribution of checks in connection with the Currency Conversion Fee settlement was completed by mid-January 2012, and a second distribution was completed by July 2013.)

The Settlement Administrator will be issuing distribution checks to Authorized Claimants on or before December 4, 2014. Eligible Authorized Claimants for this distribution are those claimants whose claims were reduced by the largest percentage amount under the reduction methodologies used for the prior two distributions (due to the aggregate value of all claims exceeding the amount of available settlement funds). Please see the Frequently Asked Questions for information on the distribution checks.

You should note that distribution checks will be void after 90 days from the date on the check. If you receive a settlement check, please promptly deposit it before the check's 90-day expiration date.

If you experience any problems associated with your settlement check, please contact the Settlement Administrator or Co-Lead Class Counsel. To assist such inquiries, claimants should provide as much of the following information as possible: name, current address (and the address used when the claim was submitted, if different), current contact information (e.g., telephone or email), Claim number or Refund ID number, and the type of claim submitted.

Please continue to monitor this website for updates concerning the refund process. If you have changed your address, you should send any updated information to the Settlement Administrator.

Frequently Asked Questions
Ross, et al. v. American Express Co., et al., No. 04-5723, MDL No. 1409 (S.D.N.Y.) (Pauley, J.)

To view FAQs from the related matter, In re Currency Conversion Fee Antitrust Litigation (MDL 1409), please click here.

Spanish Version: Para leer las preguntas con frecuencia hechas en español, chascar aquí.

The Lawsuit and Settlement: On April 30, 2012, the Court granted final approval of the parties' agreement to settle the foreign transaction fee claims in the lawsuit Ross, et al. v. American Express Co., et al. ("Ross v. American Express"). Three appeals were filed challenging the Court's approval of the settlement. Plaintiffs opposed these appeals before the United States Court of Appeals for the Second Circuit. The appeals were ultimately dismissed and the process of distributing the settlement funds may now begin.

On April 16, 2013, the Court approved the distribution of checks in connection with the settlements in this matter (the "Second Distribution"). This distribution was coordinated with the distribution of residual funds remaining in connection with the settlement of the related matter In re Currency Conversion Fee Antitrust Litig. (The initial distribution of checks in connection with the Currency Conversion Fee settlement was completed by mid-January 2012.) The Second Distribution was completed by July 2013.

On October 20, 2014, the Court approved a third-and Plaintiffs' Co-Lead Counsel anticipate a final-distribution of checks concerning foreign transaction fee claims made in connection with the settlements in the two related matters In re Currency Conversion Fee Antirust Litig. and Ross, et al. v. American Express Co., et al. (the "Third Distribution"). The Third Distribution is discussed in more detail in the "Status" section below.

This website supplies information about the litigation and the settlement, and provides links to relevant documents for members of the FX Damages Class and others interested in the settlement.

Ross v. American Express is about the prices that cardholders of certain Visa, MasterCard and Diners Club credit and charge cards were charged to make transactions denominated in a foreign currency or with a foreign merchant, including purchases, cash advances, cash withdrawals, and internet transactions. Ross v. American Express does not involve American Express credit or charge cards; only certain Visa, MasterCard and/or Diners Club credit and/or charge cards are covered.

Plaintiffs in this lawsuit claim that American Express conspired in violation of the antitrust laws with certain banks that issue Visa, MasterCard and/or Diners Club credit and charge cards to set and conceal fees on foreign transactions. The banks are Bank of America, Bank One/First USA, Chase, Citibank, Diners Club, HSBC/Household, MBNA and Washington Mutual/Providian. Plaintiffs seek money damages and restitution for the FX Damages Class. American Express denies the Plaintiffs' claims and says it has done nothing wrong, improper, or unlawful

Plaintiffs also claim that American Express conspired with the banks listed above to add arbitration clauses in connection with credit or charge cards issued by those banks. The settlement does not concern the arbitration clause claim, which seeks injunctive relief only. A separate class has been certified with respect to that arbitration claim, and your decision to remain a member of the FX Damages Class or to opt-out will not affect any rights you may have concerning the arbitration clause claim.

Status: On April 30, 2012, the Court entered an Order and Final Judgment approving the settlement. The Court also entered a final judgment approving the Allocation Plan concerning the distribution of the net proceeds of the settlement funds to authorized claimants. Three appeals were filed challenging the Court’s approval of the settlement. Plaintiffs defended these appeals before the United States Court of Appeals for the Second Circuit. The appeals were ultimately dismissed and the process of distributing the settlement funds may now begin.

As noted above, on April 16, 2013, the Court approved the distribution of checks in connection with the settlements in this matter as part of the Second Distribution.

On October 20, 2014, the Court approved the Third Distribution. The Settlement Administrator will be issuing distribution checks to Authorized Claimants as part of the Third Distribution on or before December 4, 2014. Eligible Authorized Claimants for this distribution are those claimants whose claims were reduced by the largest percentage amount under the reduction methodologies used for the prior two distributions (due to the aggregate value of all claims exceeding the amount of available settlement funds).

You should note that distribution checks will be void after 90 days from the date on the check. If you receive a settlement check, please promptly deposit it before the check's 90-day expiration date.

If you experience any problems associated with your settlement check, please contact the Settlement Administrator or Co-Lead Class Counsel. To assist such inquiries, claimants should provide as much of the following information as possible: name, current address (and the address used when the claim was submitted, if different), current contact information (e.g., telephone or email), Claim number or Refund ID number, and the type of claim submitted.

You may access copies of these judgments, as well as the Settlement Agreement, documents concerning the Third Distribution, documents related to the appeals of the settlement and other important documents concerning the lawsuit, from the "Documents" webpage (click here). This website contains important information concerning the settlement and membership in the FX Damages Class. Please check this website for important updates.

Frequently Asked Questions ("FAQs"): This webpage contains information concerning the American Express lawsuit and the settlement in the form of responses to frequently asked questions (or "FAQs"). These FAQs will be continuously updated as the settlement progresses from the approval phase through distribution of the net settlement proceeds to members of the FX Damages Class.

For information concerning the calculation of settlement checks as part of the Third Distribution, please click here.


Background Information Concerning the American Express Lawsuit and Settlement

More Information

Background Information Concerning the Lawsuit and Settlement
More Information

Contact us for more information about this page.
Current status last updated November 30, 2014

Translate to Spanish - Traducir esta pgina al espaol

Having Trouble?

Having trouble opening .pdf files? You can download Acrobat Reader for free from www.adobe.com.

Contact Us

As Settlement Administrator, we welcome your inquiries, comments, and/or requests.

Contact us easily:
  • fill out our contact form; or
  • mail your questions to the Settlement Administrator at:
    P.O. Box 570
    Philadelphia, PA 19105-0570