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Highlights
- Verizon Wireless customers between 2016 and 2023 might be eligible for a share of a $100 million settlement.
- Claims must be submitted by April 15, 2024. Potential payouts start at $15 and cap at $100 per customer.
- The settlement addresses a lawsuit over undisclosed administration fees, which Verizon denies wrongdoing but agrees to revised disclosures.
Verizon Wireless customers until the same day that taxes are due to claim their part of a monumental $100 million settlement stemming from a class action lawsuit.
The crux of the dispute? Verizon customers argue that a monthly administration fee was unfairly charged and insufficiently disclosed. Despite settling, Verizon maintains its innocence, emphasizing its commitment to transparency and the legitimacy of the fee in question.
As the clock ticks down to the claim deadline on April 15, 2024, potential beneficiaries are urged to act swiftly.
The lawsuit encompasses any Verizon postpaid wireless or data service customer charged an administrative fee between January 1, 2016, and November 8, 2023. According to Verizon's records, eligible customers should have received notification via mail or email regarding the settlement.
If you fall into this category, there is a straightforward two-page form available online or for mail-in submission. With the minimum claim set at $15-plus an additional dollar for each month of paid administrative fees-the maximum potential payout per customer is $100. However, the actual amount disbursed may vary based on the volume of valid claims submitted.
My take
While lawsuits like this bring to light the critical importance of transparency in fee disclosures, I feel that it's far from enough.
Even though $100 million sounds like enough to make a dent, it's honestly just a drop in the bucket to them. Especially considering they paid out over $11 billion in cash dividends in 2023 alone.
Verizon defends the administration fee and refuses to admit any wrongdoing. The settlement highlights the need for clarity in how these charges are presented to consumers.
My advice? Take your $100 settlement and buy yourself nearly half a year of the same service at a fraction of the cost.
For those potentially impacted, submitting a claim isn't just about seeking financial redress; it's about affirming consumer rights in the digital age.
The deadline is fast approaching, and I encourage eligible individuals to take the necessary steps to ensure they don't miss out.
As the legal process unfolds, the outcome of this settlement could have broader implications for how companies disclose fees and charges moving forward.
Keep an eye on MoneySavingPro.com for updates on this and other consumer-focused news.
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