News about Stroock & Stroock & Lavan

Stroock & Stroock & Lavan

2029 Century Park E, Los Angeles, CA 90067

Appeals court upholds 'flawed' AmEx gift cards class action settlement, giving plaintiffs' lawyers $1.95M

By Scott Holland | Monday, Dec 11, 2017 @ 1:29pm

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

By Jonathan Bilyk | Friday, Mar 4, 2016 @ 5:06pm

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.