Philadelphia, PA – Verizon, the telecommunications giant, may have to pay out cash to customers as part of a proposed settlement in a class action lawsuit. The settlement, which totals $100 million, aims to resolve allegations that Verizon engaged in a “deceptive scheme” by imposing an administrative fee on its customers. If approved, eligible Verizon customers who had wireless or data services with a post-paid plan between January 1, 2016, and November 8, 2023, could receive up to $100 based on the length of their subscription.
The lawsuit claimed that customers were unfairly charged an administrative fee as part of a technique to mislead and deceive them. While Verizon usually collects money from its customers, this settlement could potentially see some of that money flowing back into the pockets of those who were affected.
The proposal has not been finalized yet, and its acceptance is subject to court approval. However, if approved, it could provide financial relief to customers who experienced the alleged deceptive practices. The $100 million settlement would represent a significant financial hit to Verizon, but it would also demonstrate a significant win for the plaintiffs in this class action lawsuit.
Verizon has not officially commented on the proposed settlement or the allegations made in the lawsuit. It is worth noting that this settlement does not necessarily imply an admission of guilt by Verizon. Instead, it serves as a resolution to avoid lengthy legal proceedings and potential reputational damage.
The outcome of this lawsuit settlement would provide important compensation to Verizon customers who were affected by the alleged deceptive scheme. It serves as a reminder to telecommunications companies to operate with transparency and fairness in their billing practices. While the proposal still awaits approval, the potential for customers to receive up to $100 as reimbursement could be seen as a victory for consumer rights.
In summary, Verizon faces a potential $100 million payout to customers as part of a proposed settlement to resolve a class action lawsuit. The lawsuit alleges that Verizon employed a deceptive scheme by imposing an administrative fee on its customers. If approved, eligible customers who had Verizon wireless or data services between January 1, 2016, and November 8, 2023, could receive up to $100 based on the duration of their subscription. This settlement would represent a significant financial loss for Verizon and highlights the importance of transparent billing practices in the telecommunications industry.