|Company name||American Express Company|
NEW YORK, July 31, 2018 – Bragar Eagel & Squire, P.C. is investigating potential claims against American Express Company (NYSE: AXP). Our investigation concerns whether American Express and certain of its officers and/or directors have violated federal securities laws, specifically in connection with potential misconduct within its foreign-exchange international payments department.
On July 30, 2018, The Wall Street Journal published an article entitled “American Express Gave Small Businesses One Rate, Then Secretly Raised It.” Citing “current and former employees and emails,” the article reported that American Express’ “foreign-exchange international payments department routinely increased conversion rates without notifying customers in a bid to boost revenue and employee commissions” and that “[t]he practice, widespread within the forex department, was occurring until early this year and dates back to at least 2004.”
If you purchased or otherwise acquired American Express shares and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at email@example.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.