Verizon customers receive an important update on the verizon settlement class action lawsuit. The settlement, which is valued at $100 million, aims to address claims of misleading advertising practices that are associated with Verizon’s wireless plans.
The main issue in the case is the addition of administrative fees in monthly plans that were not included in the rates advertised. This article will explain the dates for settlement payments, the amounts and methods to claim your part.
Table of Contents
Verizon Class Action Lawsuit 2024
Allegations
The suit against Verizon was based on allegations that the company deceived customers regarding their wireless costs. The plaintiffs claimed that Verizon did not clearly reveal additional charges, like administrative costs, thus inflating the true costs that their plan would cost.
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The lack of transparency contributed to a false impression of affordability, leading customers to select plans that were more expensive than the advertised price.
Impact on Customers
The customers who were deceived by the practices and paid more than they expected to are the main recipients of this settlement. The lawsuit was filed to correct the issue, and resulted in the settlement of $100 million that will be distributed to eligible customers.
Verizon Settlement Payout Date
Earlier this year, eligible Verizon customers were notified to submit claims for the Verizon administrative charges class action settlement. Those who submitted their claims by April 15, 2024, are now anticipating compensation from the settlement administrator.
The final approval of the Verizon administrative charges settlement is still pending. Payments from any class action process are issued only after the court approves the settlement as fair and reasonable. A fairness hearing took place on March 22, 2024, at the New Jersey Superior Court.
Verizon customers who are class members affected by the company’s deceptive practices can expect their payments after the court’s approval. If everything goes successfully, the settlement administrator will transfer payments to qualifying claimants’ accounts, with payments expected in August or September 2024.
Settlement Payment Details
Payment Dates
The settlement came to an agreement in November 2023. The agreement stipulates the money to be disbursed to customers who are eligible and paid the fees in dispute beginning on January 1, 2016 until November 8, 2023.
The exact dates for payment haven’t been released yet, however updates will be made available when they are made available.
Settlement Amount
The Verizon Class Action Settlement provides potential payouts that are based on two elements:
- Basis Payment An all-inclusive $15 fee for each claim that is valid.
- Monthly Service Credit: An additional $1 per month for each month that a customer was charged with the dispute administrative cost, up to a maximum amount of $85.
The total amount paid out to every customer is different up to a max of $100 based on the time frame of charges.
Eligibility Criteria
To be eligible to receive the verizon class action settlement You must meet the following requirements:
- You must be a either a former or current Verizon customer living within the United States.
- Have you had a postpaid wireless or data plan within the period of time specified (January 1st, 2016 through November 8 2023).
How to Claim Your Settlement
Filing the Claim
In order to claim your share in the settlement complete an application form. The steps are as follows:
- Go to the settlement verizon settlement website: Go to the official Verizon Administrative Charge Settlement website.
- The Application Form can be downloaded: Find and download the application form on the website.
- Fill in the Form: Complete the form with all the necessary information, including the name of your contact information and any account information you need to know.
- Attach Documents Required: Attach any necessary documents that can support your claim.
- Submit the Application Form: Submit your completed application via mail or online by the deadline.
Confirmation and Further Instructions
Once you have submitted your application, you will receive confirmation along with additional instructions on the process of settlement.
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It’s important to keep updated on any new developments and provide any additional information needed.
Legal Background
Consumer Protection Laws
The suit probably rely in part on laws protecting consumers as well as advertising regulations, like the Federal Trade Commission Act, which prohibits deceitful or false advertisements.
The plaintiffs claimed that Verizon’s denial of vital details about fees that were additional to the price of the product was misleading practices that affected consumers’ buying decisions.
The Verizon Class Action Lawsuit settlement provides substantial compensation to the affected customers, and addresses the false advertising practices that resulted in the inflated costs of wireless services.
The customers who qualify must make the necessary steps to submit their claims and be informed of the process of settlement.
Conclusion
The Verizon class action lawsuit of 2024 represents a significant step towards holding corporations accountable for their billing practices. With a settlement amount of $95 million, eligible customers can expect compensation to alleviate the impact of unauthorized administrative charges. By following the outlined claim process and staying informed about key dates, affected customers can ensure they receive their entitled benefits. This settlement not only provides financial relief but also underscores the importance of corporate transparency and consumer protection, serving as a pivotal moment for both Verizon and its customers.
FAQs
What amount can I expect to receive through Verizon’s settlement? Verizon settlement 2024?
Customers who qualify can get up to $100 in cash, with an initial payment of $15, and an additional $1 per month in administration fees, which are capped at $85.
Who can benefit from the settlement?
Former or current Verizon customer in the US with postpaid wireless plans or data plans, between Jan. 1, 2016 until November 8, 2023.
How do I claim my verizon settlement??
Go to the settlement site Download and complete the form, add required documents, and return it before the deadline.
What was the subject of the suit?
The suit accused Verizon of deceitful advertising by not disclosing administrative fees that are mandatory in their plans’ advertised prices.
When will verizon settlement be paid?
Dates for the exact payment are not yet disclosed. Be sure to check official notifications to get the latest details.