Here, you will find all the necessary updates regarding the Verizon Class Action Lawsuit 2024 Settlement Payment Dates and Amount, Form. Time is passing for Verizon customers to apply for a proposed $100 million class-action settlement cut. The lawsuit was centered on allegations of deceptive advertising practices regarding their wireless service plans. The core of the argument was its monthly plan prices that included mandatory administrative charges, and by not including the fees in advertised rates, plaintiffs argued Verizon created a misleading impression of affordability. Continue browsing this article to know about the Verizon Class Action Lawsuit 2024 Settlement Payment, form, and more.
Verizon Class Action Lawsuit 2024
The lawsuit against Verizon derived from allegations that the company fooled customers about their monthly wireless service costs. Specifically, the plaintiffs argued that Verizon did not clearly disclose certain fees, such as executive charges, which inflated the advertised price of their plans. This practice, according to the lawsuit, formed misleading advertising.
The Verizon Class Action Lawsuit impacted customers who were supposedly misled because the advertised prices didn’t reflect the total cost they’d actually pay. This could have enticed them into choosing plans that were more expensive than they realized. The lawsuit aimed to address this issue and resulted in a $100 million settlement for eligible customers.
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Verizon Class Action Lawsuit Settlement Payment Date
For the Verizon Class Action Lawsuit, every qualified individual would be able to receive up to $00 in awards. The total amount that each client will get will vary according to how long they have been a customer. Verizon has refused any wrongdoing, even regarding the payment.
In Nov 2023, the Verizon Class Action Lawsuit settlement reached an agreement with the plaintiffs. This settlement established a $100 million fund to be distributed among eligible customers who were charged the disputed fees between January 1, 2016, and November 8, 2023.
Settlement Amount
The Verizon Class Action Settlement offered a potential payout capped at $100 per eligible customer, but the actual amount received depended on two factors:
1. Base Payment: Everyone who submitted a valid claim received a flat $15.
2. Monthly Service Bonus: An additional $1 was awarded for each month a customer was charged the disputed administrative fee, up to a maximum of $85.
The total settlement fund of $100 million was split among all approved shares. If a high number of customers participated, the individual share would be smaller. The longer a customer is charged administrative fees, the higher their monthly service bonus can be, capped at $85.
Verizon Class Action Lawsuit Form
While filing the Verizon Class Action Lawsuit Settlement form, the recipient must meet certain eligibility criteria. Based on your account’s billing address, you must be a current or former Verizon customer residing in the United States. Only customers with postpaid wireless or data plans during the designated timeframe qualified.
Those who fulfill essential required eligibility circumstances will be able to fill out the form by following the below-mentioned steps:
- Browse the leading web portal of the Verizon Administrative Charge Settlement.
- Then, find the download link for the application form.
- Fill out the essential required information such as your name, contact details, and further relevant information.
- After filling out the form, attach the required documents with the form and submit the application via mail or online before the specific deadline.
You will receive your confirmation and further instructions related to the settlement process within a few days of submitting the application.
Therefore, you need to stay informed about the progress related to the settlement and provide further requirements or attend the hearing if necessary.
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All We Know
The Verizon Class Action Lawsuit was initiated in New Jersey and claimed that the US Verizon customers had some wireless service plans that assessed higher monthly rates than the display advertisement in monthly bills.
The lawsuit likely relied on consumer protection laws and advertising regulations. Laws like the Federal Trade Commission Act prohibit deceptive or misleading advertising. The argument might have corrupted the concept of material omissions. Even if Verizon didn’t explicitly lie, forgetting crucial information could be considered deceptive if it affected consumers’ decisions.
Continue Browsing SMT home to get more information.
