Verizon Settles Massive $100M Lawsuit

If they act before the middle of April, Verizon users – both current and former – may be entitled to a portion of money related to a class action suit that was recently settled against the wireless provider for administrative charges.

According to the proposed settlement reached by the company in mid-November, Esposito et al. According to court documents, the case is v. Cellco Partnership D/b/a Verizon Wireless. The court filings did not contain an admission of liability or wrongdoing.

According to the website of the settlement administration, the portion that individuals who qualify for the settlement will receive may vary. The base amount is $15, and an additional $1 will be added to it each month that they were charged the administrative fee which prompted the plaintiffs to file suit. Payments are currently limited to $100 per account.

Claimants who are “current or ex-consumer account holders” in the United States will be eligible to receive a portion of the $100,000,000 settlement. . . The settlement website stated that the charges were for those who had received Verizon postpaid wireless services or data and who paid administrative charges and/or administrative and telco recovery charges between January 1, 2016, and November 8, 2023.

Parties affected must submit their claim no later than 15 April. You can choose between two options: either online or by mail.

According to the website, if a person fails to submit a claim within that time frame, they will not be eligible to receive a payment and may lose the right to pursue legal action in the future.

The amount that people can receive may change depending on the number of valid claims.

The deadline for opting out of the settlement is much closer than the deadline for submitting claims. You can choose to opt out until the 20th of February.

Verizon settled a lawsuit in which it claimed that the company had “falsely advertised” its wireless services with lower monthly rates than what it charged customers. This was done by “not disclosing and not including the advertised price,” the monthly administrative fee that the company “imposes every month on each line purchased by customers of its post-paid Wireless Service.”

“Verizon identifies its wireless consumer admin charge and describes it multiple times in the sales transaction as well as its marketing, contracts, and billing. This charge allows our company to recover certain network-related costs and regulatory compliance.” Rich Young, Verizon spokesperson said: “As always, we are committed to transparency in the disclosure of all charges for consumers.”

Verizon will amend its Customer Agreement to include revised administrative charges disclosures, according to the settlement website. According to the settlement, they were “jointly developed and agreed upon” between both parties.

The proposed settlement will be approved by a fairness committee in March. Then, customers who have filed valid claims will begin receiving their payments.