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SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of American Express Company (AXP)

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SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of American Express Company (AXP)

PR Newswire

NEW YORK, July 31, 2018 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of American Express Company ("American Express" or the "Company") (NYSE: AXP). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/axp.

Bronstein, Gewirtz & Grossman, LLC

The 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's "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 are aware of any facts relating to this investigation, or purchased American Express shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/axp. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.  Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

 

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SOURCE Bronstein, Gewirtz & Grossman, LLC

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