Verizon to Pay $100 Million in Class-Action Settlement over Deceptive Service Plans
Leading telecommunications company Verizon has agreed to pay a whopping $100 million as part of a class-action settlement, following allegations of misleading service plans. The settlement aims to address claims that Verizon implemented and charged an administrative fee for postpaid wireless or data services in a deceptive manner.
Customers who purchased traditional, postpaid wireless plans from Verizon within the past seven years may potentially be eligible for a payment as part of the settlement. The eligibility period spans from January 1, 2016, to November 8, 2023, ensuring a considerable number of customers will be included.
Those who received notice about the settlement are eligible to file a claim, providing an opportunity for affected consumers to receive compensation. The settlement fund will amount to a staggering $100 million, and individual payments may reach up to $100 based on various factors, including the length of time as a Verizon subscriber and the number of valid claims filed.
To ensure their claim is considered, customers must submit their claims by April 15, 2024. The claims can be conveniently filed online or by mail, using the claim form provided. As soon as the settlement is approved and finalized, payments will be issued to eligible customers.
The final approval hearing for the settlement is scheduled for March 22, 2024. Only after the hearing is complete will customers begin to receive their compensation. In the meantime, customers seeking more information or wishing to access the claim form can do so on the official Verizon administrative charge settlement website.
In addition to this class-action settlement, Road Rug Cars also covers other financial news to keep readers informed. Currently, readers can learn about Social Security recipients filing tax returns and the various tax breaks available for homeowners.
With this settlement, Verizon aims to address the allegations against its service plans while providing compensation to affected customers. By doing so, the telecommunications giant hopes to maintain its reputation and continue providing quality services to its valued subscribers.
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