Verizon consented to resolve a class action lawsuit in 2024 with a sizeable $100 million fund set aside for impacted customers.
The allegations concerning unreported administrative fees on Verizon’s postpaid data or cellular plans, which were assessed between November 8, 2023, and January 1, 2016, are addressed by this settlement.
A major legal battle resulted from the case, which accused Verizon of misleading advertising practices by omitting to mention certain prices in their service plans.
Settlement Details
Customers of Verizon who had postpaid service accounts within the designated time frame are eligible.
Compensation may be awarded to any qualifying participant in the settlement; the precise amount will depend on a variety of factors, such as the length of service and the quantity of valid claims received.
Verizon Class Action Lawsuit 2024
Allegations that Verizon misled customers about the cost of their monthly wireless service led to the lawsuit against the business. The plaintiffs specifically claimed that Verizon overstated the quoted cost of their plans by failing to disclose some expenses, like executive charges. The lawsuit claimed that this behavior resulted in deceptive advertising.
Customers who were allegedly misled because the quoted pricing did not accurately reflect the total amount they would really pay were the target of the Verizon Class Action Lawsuit. This might have persuaded people to select plans that they were unaware were more costly. In order to address this problem, a lawsuit was filed, and qualifying customers were awarded a $100 million settlement.
Verizon Class Action Lawsuit Settlement Payment Date
Each eligible person could win up to $00 in compensation from the Verizon Class Action Lawsuit. The overall amount that each customer will receive will differ based on the length of time they have been a client. Verizon has denied any misconduct, including with reference to the payment.
The Verizon Class Action Lawsuit Settlement reached a settlement with the plaintiffs in November of 2023. As part of this settlement, qualifying consumers who were charged the contested fees between January 1, 2016, and November 8, 2023 would receive a $100 million fund.
Settlement Amount
The Verizon Class Action Settlement provided a $100 maximum payout for each qualified client; however, the actual amount awarded was contingent upon two factors:
1. Base Payment: A fixed $15 was given to each person who filed a legitimate claim.
2. Monthly Service Bonus: Up to a maximum of $85, a customer would receive an extra $1 for each month the challenged administrative fee was levied.
The $100 million settlement fund was divided among all shares that were approved. A larger consumer participation rate would result in a lesser individual share. A customer’s monthly service incentive might increase, up to a maximum of $85, the longer they are required to pay administrative costs.
Verizon Class Action Lawsuit Form
The beneficiary must fulfil specific eligibility requirements in order to submit the Verizon Class Action Lawsuit Settlement form. You have to be a US resident who has been a Verizon subscriber for at least one year, based on the billing address associated with your account. Customers were only eligible if they had postpaid wireless or data subscriptions throughout the specified period.
Those who meet the necessary qualifying requirements can complete the form by doing the actions listed below:
Visit the Verizon Administrative Charge Settlement’s main website.
Next, locate the application form’s download link.
Please provide the necessary information, including your name, contact information, and any other pertinent details.
Once the form has been completed, mail or submit the application online together with the necessary documentation.
All We Know
The US Verizon consumers had some cellphone service plans that assessed greater monthly prices than the display advertised in monthly bills, according to the Verizon Class Action Lawsuit, which was started in New Jersey.
The lawsuit most likely cited rules governing advertising and consumer protection. Deceptive or misleading advertising is prohibited by laws such as the Federal Trade Commission Act. It’s possible that the debate distorted the meaning of material omissions. Verizon might have been dishonest even if it didn’t directly mislead if its failure to remember important information influenced customers’ choices.
Payment Distribution
The precise dates for the settlement payments’ distribution have not yet been determined.
After the settlement has final court approval, which may happen in the third quarter of 2024, payments are anticipated to start.
Payment distribution by cheque or direct deposit is more likely to occur.
Important Dates
- Deadline for Claim Submission: April 15, 2024
- Start of Payment Distribution: Expected in the third quarter of 2024, following final court approval.
FAQs
1. Who is eligible for the Verizon settlement?
Customers who had postpaid plans with Verizon between January 1, 2016, and November 8, 2023, whether they are current or past, are qualified.
2. What is the base payment amount for the settlement?
The minimum payment is $15, and there is an additional $1 added each month for administrative expenses, up to a total of $100.
3. How can I submit a claim for the settlement?
By April 15, 2024, qualified clients had to file a claim using the official settlement website.
4. When are the settlement payments expected to be made?
Payments are anticipated to begin flowing out a few months after the settlement is approved by the court; this is probably going to happen in the third quarter of 2024, though precise dates have not yet been disclosed.
5. What was the lawsuit about?
Verizon was charged in the case with misleading advertising for failing to fully disclose required administrative expenses in their quoted plan prices.
Conclusion
The Verizon Class Action Settlement in 2024 is an important reminder of the need for openness in business interactions, particularly with regard to fee disclosures. In addition to compensating impacted customers, this settlement establishes standards for telecom firms’ billing and advertising procedures.
To find out when and how they will get their compensation, eligible clients should keep up to date via the settlement’s official website or by direct communications from the settlement administrator.
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