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Citibank Airline Miles Taxable Value Settlement

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Active: 
Closed
Closed Settlement Statement: 
According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.
Settlement Structure: 
Case Summary: 

This settlement resolves a class action in which the plaintiffs claimed that Citibank did not properly disclose to customers that it would report the value of promotional American Airline miles awarded to them to the IRS as taxable income by issuing IRS Form 1099s. The complaint contends that the miles are not income, that they should not have been reported as such, and that Citibank also overvalued the miles. 

Docket Number: 
12-CIV-1124-DAB
Company: 
Citi
Class Period: 
Thursday, January 1, 2009 to Thursday, July 13, 2017
Filing Deadline: 
Monday, November 27, 2017
Objection Deadline: 
Wednesday, October 11, 2017
Exclusion Deadline: 
Wednesday, October 11, 2017
Final Approval Hearing: 
Wednesday, January 31, 2018
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