[Idyllchat] Currency Conversion Lawsuit against creditcardcompanies

[Irvjane at aol.com]

In a message dated 12/7/2007 5:43:55 PM Central Standard Time, somebody 
writes:

> Unfortunately, it is the lawyers who reap the real benefits for this and 
> other class action suits.

The fine print says they will request 27.5% of $313 million for attorneys' 
fees, etc., plus up to $5,000,000 for "expenses."  I heard of a NJ banking case 
of some sort where the lawyers' fees exceeded the final amount of settlement, 
and the individual plaintiffs in the class action (i.e., the "ordinary 
people") actually had to pay money rather than receive the usual pittance.

Will this be a pittance?  $25 may be, but I'm hopeful my Quicken records will 
substantiate something better.  During the ten-year period Jane & I made 29 
overseas trips -- some a month or longer -- so maybe it will be worth the 
effort to file a claim.  Of course, most of the costs were USD-denominated domestic 
transactions in payments to Untours, etc.  But ATM withdrawals overseas do 
count, as well as random credit card transactions.  And maybe the one from home 
where we ordered a marble-topped table from Florence after having seen it in a 
shop on our Tuscan Untour; I think the basic transaction was in Lira.

Re those spurning the $25 Easy Refund, surely this isn't a scam.  Probably 
far less risk of giving credit card info than when I surrender my credit card in 
a Houston restaurant to a busboy just off the boat from some Third World 
country.  And you don't even have supply this for Option 1 and 2.  (They've 
already got it; that's how they knew to contact you to begin with!) 

Irv Smith




**************************************
Check out AOL's list of 2007's hottest 
products.

(http://money.aol.com/special/hot-products-2007?NCID=aoltop00030000000001)
-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://mailman.dca.net/pipermail/idyllchat/attachments/20071208/356c62ec/attachment-0001.htm