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Reply to "American Express FX Fee Litigation Settlement Fund (CCFSettlement.com), is it legit?"
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[quote=Anonymous]My wife just got a check for $8.23 as well. I looked it up online, and also read the settlement agreement (PDF) that is linked to the site someone posted above, and the defendants agreed to pay $336 Million to settle this case, (it is a variety of credit cards, like Visa and M/C, and not just AMEX). Interesting is that the attorneys who filed this class action suit are getting 27.5% of that settlement for their work (about $90 million of it!) and up to $5 million in expenses. I guess that puts it into perspective. Seems OK to cash those miniscule checks, but the winner as is the case in most class action suits is the attorneys for the plaintiffs![/quote]
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