San Diego, CA -- (SBWIRE) -- 07/27/2015 -- The Shareholders Foundation announces that an investor in NYSE:AXP shares filed a lawsuit against certain directors at American Express in connection certain policies blocking vendors who accept their credit cards from steering customers toward cheaper payment methods.

Investors who purchased shares of American Express Company (NYSE:AXP) and currently hold any of those NYSE:AXP shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

The plaintiff claims that certain officers and directors at American Express damaged the credit card company through their promotion of policies blocking vendors who accept their credit cards from steering customers toward cheaper payment methods.

The U.S. Department of Justice ("DOJ") and certain states' attorneys general have brought an action against American Express Company alleging that the provisions in its Card acceptance agreements with merchants that prohibit merchants from discriminating against its Card products at the point of sale ("anti-steering" and "non-discrimination" contractual provisions) violate the U.S. antitrust laws. The complaint sought a judgment permanently enjoining American Express Company from enforcing these contractual provisions. On February 19, 2015, the trial court found that the challenged provisions were anticompetitive and will now determine the scope of the remedy when it enters judgment in the case.

Those who purchased shares of American Express Company (NYSE:AXP), have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com