Last Chance to Submit a Claim for Verizon’s $100 Million Settlement
In a significant development that could impact many current and former Verizon customers, a substantial settlement has been reached in a class-action lawsuit against the telecommunications giant. If you’ve had a Verizon postpaid plan at any point in the last several years, you might be eligible for a financial compensation as part of a $100 million settlement agreement.
The lawsuit in question revolved around concerns with a monthly administrative charge that Verizon customers were subjected to. Claimants in the lawsuit argued that this charge was introduced and applied by Verizon in a manner that was both deceptive and unfair to its customers. Despite these claims, it’s important to note, Verizon has steadfastly denied any allegations of wrongdoing or liability, stating that the settlement was reached without any admission of fault on their part.
Here’s the essential scoop: if you’ve held a postpaid plan with Verizon and were charged an administrative fee at any time from January 1, 2016, through to November 8, 2023, you are potentially eligible to be part of this class action settlement. Entitlements for those who submit a valid claim under the terms of the settlement could see a minimum payout of $15. This base figure is then increased by an additional $1 for each month that an eligible customer paid the administrative charge, capping out at a maximum of $100 per claimant.
However, it’s worth noting that the final payout per person could vary. The total compensation amount each claimant receives will depend on the overall number of claims submitted. Consequently, there’s potential for the payout amounts to be adjusted downwards, should there be a higher-than-expected volume of claims.
In an interesting turn of events earlier this year, legal representatives for a group of nearly 10,000 Verizon customers sought to have their grievances against the company addressed together through arbitration, as detailed in a report by Reuters. This indicates that while the settlement is a significant step forward, the saga might witness further developments.
For Verizon customers interested in claiming their share of the settlement, it’s crucial to act promptly. The window for submitting claims remains open only until April 15, 2024. If you believe you’re eligible, ensuring that you submit your claim before the deadline is essential for participating in the settlement.
As this legal resolution unfolds, it serves as a critical reminder of the complexities involved in charges applied by service providers and the importance of customer vigilance. For Verizon customers, this settlement represents an opportunity for compensation from practices they deemed unfair, and a reminder to closely monitor the charges on their accounts.
Those eligible for the settlement should collect any relevant documentation and review their account history to fully understand their entitlement under the terms of this settlement. As the deadline approaches, it’s imperative not to delay in submitting your claim to secure your part of this significant settlement.
