Settlement checks for $18.04 have started to arrive! These are legitimate checks and this is not a scam.
These checks are a result of the Currency Conversion Fee Antitrust Litigation settlement. If you traveled overseas between February 1, 1996 and November 8, 2006 and were a legal cardholder of a Visa, MasterCard or Diners Club branded credit, charge, debit / ATM card issued in the United States as of November 8, 2006 you are a member of the Settlement Damages Class. If you are just a cardholder and did not travel overseas you are a member of the Settlement Injunctive Class. These companies neglected to disclose to cardholders information regarding the rate used to calculate the U.S. dollar amount owed for a foreign transaction and any fees in connection with a foreign transaction.
A settlement fund of $336,000,000 has been created to pay valid claims, attorneys’ fees, expenses, etc. More than 10 million checks will be issued in this settlement. Checks were mailed starting in late November and will continue through the end of the year. If you have not received your check by January 31, 2012 you should contact the Settlement Administrator at:
Foreign Currency Antitrust Litigation Settlement Administrator
P.O. Box 290
Philadelphia, PA 19105-0290
If you received notifications regarding this case and chose to respond and participate, your share of the settlement may be more.
Note that American Express is part of a different legal proceeding and when its claims are finalized, may issue separate litigation settlement checks.
Michelle has a broad range of tax experience. She has worked extensively with multi-state corporations and high net worth / high income individuals. She also has experience in not-for-profit, partnership, trust, estate and gift taxation and IRS audits.