In re American Express Financial Advisors Securities Litigation

As one of the Co-lead Counsel, Jonathan Levine represented a nationwide class of individuals who bought financial plans and invested in mutual funds from American Express Financial Advisors.  The case alleged that American Express steered its clients into underperforming “shelf space funds” to reap kickbacks and other financial benefits.  The case resulted in a cash settlement of $100 million, in addition to other relief.