A $100 million class action settlement for Verizon is on the verge of completion as the non wire line communication services company has been under siege with the issues relating to price mis informations in ads. The cost of the services has been way higher than the price claimed through the advertisements. This matter caused a lawsuit against the company.
The amount for compensation has been fixed at $100 million, and the time for submitting a claim has not been declared yet. This $100 million settlement amount is only available to those who claimed by April 2024. You should read the whole post till the end for more information regarding this matter.
Verizon $100 Million Class Action Settlement
Verizon is a New Jersey-based company that offers wireless network services to customers. The said company continues to proliferate up to the present time, claiming that these are offered at low costs. They are running their advertisement for service at very low prices, while the original charge for this was so much more. It turns out that these ads are deceptive now and already a cause for lawsuit against them.
They purchased the services through advertisements, but when they actually availed the services the rates were way more than as advertised and the company has also said that they will charge administrative fees in future as well. These proceedings resulted in a Verizon $100 million class action settlement for which the settlement amount has been set.
The company, however, though not of a person charged with an offence is still bound to refund USD 100 million to its customers. The complainants claimed that the company used to charge inflated rates based on internal targets of revenues. Now, all who purchased services between 1st January 2016 and 8th November 2023 will get the settlement money. It is expected that the amount of the settlement will be received by August 2024, but till now, no last date for claiming has been announced. The amount to be given to each eligible person will be $100, although this amount can be reduced according to the number of claims.
Verizon’s Class Action Lawsuit- Overview
| Post Title | Verizon $100 Million Class Action Settlement |
| Company Name | Verizon |
| City | New Jersey |
| Lawsuit Name | Verizon Class Action Lawsuit |
| Lawsuit Type | Class Action |
| Lawsuit Filed For | Deceptive advertising practices |
| Settlement amount | $100 million and up to $100 per person |
| Eligibility | 1 January 2016 to 8 November 2023 |
| How to claim payment | Completing the claim form by April 2024 |
| Payment date | Stated to be in August 2024 |
| Post type | finance |
What is Verizon Class Action Lawsuit 2024?
A lawsuit has been filed against the company due to claim of running false advertisements. The company offers wireless services, and according to the lawsuit, the rates that are flashed in advertisements are actually lower than that charged to the customers.
This has defamed the customers en mass for which a settlement amount totaling $100 million has been agreed upon. The complainants claimed that Verizon increases the quantum of the fees in accordance with internal revenue targets. The company has promised to charge for these fees in future and that they will further increase, but it will be much clearer as required under the settlement.
Verizon class action eligibility
You will need to be eligible for the settlement amount for the following:
- You must have purchased Verizon postpaid services.Also, you must have purchased and used the services between 1 January 2016 and 8 November 2023 to claim.
- You might have been overcharged by a high administrative fee.
- You need to file the claim by 15 April 2024.
- Also, in any other plan, it may be extra charging fee.
How to join Verizon class action settlement?
The aggregate maximum amount under claim settlement is $100 million.Customers will receive up to $100 and may be less. This amount shall be reduced depending on the number of claims and how many months the customer has paid the fee.
What is the date of Verizon’s $100 million class action settlement?
The claim form was mandatorily to be filled by 15 April 2024 for getting the benefit of the claim. Only those who have filled out the form will be eligible for the benefit. The exact date of claim settlement has not been mentioned yet, but you can expect that by August 2024.
How to file a claim?
- You will be provided with 2 ways to file your claim: electronically and mail.
- In case you are filing through electronic mode, you will require a Notice ID number and a confirmation code.
- If regular mail is used, make a print of this claim form and post it to the following address.
FAQ
FOR WHICH PURPOSE IS LAWSUIT VERIZON IS ABOUT?
The LAWSUIT VERIZON is all about the false advertising practices.
WHAT WILL BE THE EXPECTED DATE FOR THE SETTLEMENT?
The expected date will be on august ,yet to be confirmed.
WHO ARE ELIGIBLE TO TAKE THIS REFUND?
The people who purchased services from 1st january 2016 to 8th november 2023,will be refundable.