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As one of the people who was affected by this, It's relevant to my interests. (Full disclosure, I'm one of the class action members.)
Maybe you were affected, too. If you made any foreign transactions with a credit or debit card.
Probably be in appeals for 15 more years, HA> I don't think it's too late to get your money, tho.
**********
Subject to final Court approval, a settlement has been reached in In re Foreign Currency Conversion Fee Antitrust Litigation (MDL 1409). This web site supplies information about the litigation and the settlement, and provides links to relevant documents for Members of the Settlement Classes and others interested in the settlement.
The lawsuit is about the price cardholders of Visa-, MasterCard-, or Diners Club-branded payment cards were charged to make transactions in a foreign currency, or with a foreign merchant, between February 1, 1996 and November 8, 2006. Plaintiffs challenge how the prices of credit and debit/ATM card foreign transactions were set and disclosed, including claims that Visa, MasterCard, their member banks, and Diners Club conspired to set and conceal fees, typically of 1-3% of foreign transactions, and that Visa and MasterCard inflated their base exchange rates before applying these fees. The Defendants include Visa, MasterCard, Diners Club, Bank of America, Bank One/First USA, Chase, Citibank, MBNA, HSBC/Household, and Washington Mutual/Providian. They deny the Plaintiffs' claims and say they have done nothing wrong, improper, or unlawful.
*********************** Defendants have created a settlement fund of $336,000,000 to pay valid claims, attorneys' fees and expenses, any service awards to class representatives ordered by the Court, and the costs of administering the settlement and notice.
That's the interesting part.
They have chosen to settle this case to avoid the inconvenience, expense and uncertainty of litigation.
I am part of the class action member as well... still haven't seen any money or received any notice... I did move but all mail was forwarded to my new address... doubt I will see a dime...
How can I go about making a claim? I know I withdrew money from ATMs in Canada years ago, as well as made purchases. Without any receipts or anything, what proof would I have?
I have $18.04 today too, its in my father's name and he died. How do I cash it.
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