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Wednesday, April 23, 2025

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AmEx Attacked on Exposure to Risky Credit Card Holders

MANHATTAN (CN) – Shareholders brought a class action in Federal Court on Friday accusing American Express of making misleading statements about its exposure to the riskiest credit card holders as part of a scheme to artificially inflate stock value.

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Our weekly newsletter Closing Arguments offers the latest about ongoing trials, major litigation and rulings in courthouses around the U.S. and the world, while the monthly Under the Lights dishes the legal dirt from Hollywood, sports, Big Tech and the arts.

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