Here, you’ll find the latest updates on the Verizon Class Action Lawsuit 2024 Settlement, including payment dates, amount, and how to apply. Verizon customers have a limited time to apply for a proposed $100 million class-action settlement. The lawsuit revolves around allegations of deceptive advertising practices related to Verizon’s wireless service plans. The core issue involves monthly plan prices that include mandatory administrative charges, which plaintiffs argue were not adequately disclosed in advertised rates, potentially creating a misleading impression of affordability. Keep reading this article to learn more about the Verizon Class Action Lawsuit 2024 Settlement, including payment details and how to apply.
Verizon Class Action Lawsuit 2024
Verizon faced a lawsuit alleging it misled customers regarding their monthly wireless service expenses. The plaintiffs claimed Verizon failed to transparently disclose additional fees, such as executive charges, which inflated the advertised plan prices. This practice, as per the lawsuit, constituted deceptive advertising.
The Verizon Class Action Lawsuit affected customers who believed they were misled by advertised prices that did not accurately represent their total costs. This discrepancy may have led customers to select more expensive plans without realizing it. The lawsuit aimed to rectify this situation and led to a $100 million settlement for eligible customers.
Verizon Class Action Lawsuit Settlement Payment Date
The Verizon Class Action Lawsuit affected customers who believed they were misled by advertised prices that did not accurately represent their total costs. This discrepancy may have led customers to select more expensive plans without realizing it. The lawsuit aimed to rectify this situation and led to a $100 million settlement for eligible customers.
In November 2023, the Verizon Class Action Lawsuit concluded with a settlement agreement with the plaintiffs. This agreement established a $100 million fund to compensate eligible customers who incurred the contested fees from January 1, 2016, to November 8, 2023.
Settlement Amount
The Verizon Class Action Settlement provided a potential payout capped at $100 per eligible customer, with the actual amount received dependent on two factors:
1. Base Payment: Every individual who submitted a valid claim received a fixed amount of $15.
2. Monthly Service Bonus: An extra $1 was granted for each month during which a customer was charged the contested administrative fee, with a maximum payout capped at $85.
The $100 million settlement fund was divided among all approved claims. If a large number of customers participated, each individual share would be smaller. The monthly service bonus, capped at $85, increased with the duration of administrative fee charges.
Verizon Class Action Lawsuit Form
When completing the Verizon Class Action Lawsuit Settlement form, eligibility requires that the recipient meets specific criteria. This includes being a current or former Verizon customer residing in the United States and having had a postpaid wireless or data plan during the specified period.
Those who meet the necessary eligibility criteria can complete the form by following the steps outlined below:
- Visit the primary website of the Verizon Administrative Charge Settlement.
- Next, locate the download link for the application form.
- Complete the necessary information, including your name, contact details, and any other relevant information.
- After completing the form, attach the necessary documents and submit your application by mail or online before the designated deadline.
Upon submission of your application, you will receive confirmation and further instructions regarding the settlement process within a few days.
Hence, it is important to stay updated on the settlement’s progress, fulfill additional requirements, and attend any necessary hearings.
All We Know
The Verizon Class Action Lawsuit, filed in New Jersey, alleged that certain wireless service plans for US Verizon customers charged higher monthly rates than those advertised in their monthly bills.
The lawsuit probably centered on consumer protection laws and advertising regulations, such as the Federal Trade Commission Act, which prohibits deceptive or misleading advertising. The case may have hinged on the notion of material omissions: even if Verizon didn’t directly lie, failing to disclose crucial information could be seen as deceptive if it influenced consumers’ choices.