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Understanding the Class Action Lawsuit Regarding American Express

In a significant legal development, Berman Tabacco has announced a class action lawsuit aimed at individuals who utilized either Visa or Mastercard debit cards, or non-rewards credit cards from American Express, Mastercard, or Discover for purchases made between January 29, 2015, and June 1, 2022. This classification opens up a potential avenue for financial restitution for many consumers in various states across the U.S.

What is the Lawsuit About?

The lawsuit claims that American Express has established provisions in its merchant agreements that prevent merchants who accept Amex cards from encouraging customers to use alternative payment methods that cost less for merchants. This practice allegedly leads to higher prices for all consumers. In essence, whether customers use Amex or another card, the end price remains the same, unfairly burdening those who opt for different payment options. American Express has denied these allegations, asserting no wrongdoing in its practices.

Who is Affected?

If you used a Visa or Mastercard debit card for purchases at qualifying merchants in relevant states such as Alabama, Illinois, Kansas, and others during the specified timeline, you qualify to be part of the class action. Similarly, holders of non-rewards credit cards from Visa, Mastercard, or Discover who made purchases under the same conditions are also included in the classes represented in the lawsuit.

Key Conditions for Inclusion

• - Debit Card Holders: Must have made purchases with a Visa or Mastercard debit card from qualifying merchants and have been located in specified states during the requisite time frame.
• - Non-rewards Credit Card Holders: Should possess a Visa, Mastercard, or Discover non-rewards credit card and have used it in the aforementioned locations within the same dates.

Legal Representation and Your Options

The legal proceedings are under the guidance of appointed class counsel, representing the interests of all parties involved. Participation in the class action comes at no cost to you, meaning you don't have to cover legal fees unless you choose to hire your own representation. The counsel will petition the court for fees which may be deducted from any compensatory amount awarded.

If you prefer to maintain the option of suing American Express independently, you'll need to exclude yourself from this class action lawsuit. It's important to note that the deadline for opting out is May 2, 2025, and information regarding how to do so can be accessed through the official website or via a dedicated hotline.

Conclusion

For those who may be included in this class action, it presents a crucial opportunity for potential financial restitution against a corporate giant. Understanding your rights and options is essential to navigating this legal landscape. For more detailed information and updates, consumers are encouraged to visit www.AmexAntitrust.com or call 1-877-315-0587 to stay informed about this active case.