The other 1% - AMEX $4MM Gift Card Settlement Delayed
Posted on Jul 11, 2012 by JMS Advisory Group |
A Federal Judge ordered a delay in the class action Kaufman et al. v. American Express Travel Related Services Company, Inc. The case was originally filed in Northern District of Illinois (U.S. District Court). The Judge indicated in his Order that American Express should have came up with a better way of notifying potential Class Members, and therefore ordered the delay because only 1% of eligible class members filed claims pursuant to the settlement.
Read interesting commentary here. Documents related to the case can be accessed here. We’ll continue to provide updates as developments occur. Feel free to contact us with any questions you may have about this case, or unclaimed property/escheat compliance more generally.
Tagged: new jersey unclaimed property, american express gift cards, new jersey gift cards, amex escheat
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