American Express Mutual Funds
American Express Mutual Funds Class Action Lawsuits
American Express Mutual Funds | Lawsuits, Lawyers | Class Action, Opt-Out, Allegations
American Express has entered into a $100 million settlement agreement after allegations that American Express/Ameriprise financial advisers pushed their own funds over funds offered by other companies. American Express customers have until May 7, 2007, to decide whether to “opt out” or participate in a $100 million dollar class action settlement. This settlement covers anyone who paid advisory fees to American Express/Ameriprise between March 10, 1999, and April 1, 2006, or purchased certain proprietary funds offered by American Express/Ameriprise during the same period of time.
Parker Waichman LLP believes the terms of the class action settlement are insufficient. If you purchased an American Express or Ameriprise mutual fund between March 10, 1999 and April 1, 2006 contact Parker Waichman LLP for a free evaluation. It may be in your interest to file an individual case against the defendants than participating in the class action. Customers that participate in the class action could recover as little as $20-$50 each.
Legal Help For Victims Affected By American Express Mutual Funds
To learn how to opt-out of the class action settlement contact Parker Waichman LLP by submitting a submission form on the right of this page or by calling 1-800-YOURLAWYER (1-800-968-7529).