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Appeals court upholds 'flawed' AmEx gift cards class action settlement, giving plaintiffs' lawyers $1.95M
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, dividing $1.8 million among class members, and giving plaintiffs' lawyers $1.95 million more.
Federal judge OKs 'least bad option' settlement deal to end class action over American Express gift cards
Thousands who had American Express gift cards could be in for a bit of money, after a federal judge signed off on a settlement agreement to end a class action over claims American Express had misled card holders. Lawyers were poised for a lesser payday than they had requested, as the judge adjusted down their fee request to be more in line with the total settlement.