[Expired] Citibank 1099 Form for Promotional American Airlines Miles Class Action Settlement
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If you received an IRS Form 1099 from Citibank reporting to the IRS that you received income attributable to the receipt of promotional American Airlines miles between January 1, 2009 through July 13, 2017, you may be entitled to payment from a class action settlement.
In this case, Plaintiffs allege that between January 1, 2009 and July 13, 2017, Citibank did not adequately disclose to customers that it would report the taxable value of promotional American Airlines miles awarded to customers as income to the Internal Revenue Service by issuing IRS Form 1099s, that the American Airlines miles do not constitute reportable income, and that Citibank overvalued the American Airlines miles for reporting purposes. The two sides disagree on whether Plaintiffs and the Settlement Class would prevail at trial. By agreeing to settle,Citibank has not conceded the truth or validity of any of the claims against it.
To receive a settlement award, you must complete and submit a valid and timely Claim Form by November 27, 2017.
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When would I get a payment?
ANSWER:
The Court will hold a hearing on January 31, 2018 at 4:00 p.m. (or at such other date and time later set by Court Order) to decide whether finally to approve the Settlement. The Court may adjourn the Settlement Hearing without further notice to Members of the Class. If the Court approves the Settlement, after that, there may be appeals. It is always uncertain whether these appeals can be resolved, and resolving them can take time, perhaps more than a year. Everyone who sends in a claim form will be informed of the progress of the Settlement through information posted on this website. Please be patientI’m not seeing any updates anywhere on this.
