$100M Verizon Class Action Settlement Claim 2024: Verizon has recently reached a pivotal moment by agreeing to resolve a class action lawsuit through a $100 million fund. This decision comes in response to allegations of deceptive advertising practices, specifically the failure to disclose certain additional fees within their service charges. The establishment of this $100M Verizon Class Action Settlement Claim 2024 is intended to provide financial restitution to qualifying customers who were charged undisclosed administrative fees.
In 2024, Verizon customers were thrust into a significant legal dispute as a result of claims that the company had engaged in misleading advertising tactics. The focal point of this contention revolved around hidden fees that were not made transparent to customers upon signing up for wireless service agreements. These undisclosed fees resulted in customers paying more than anticipated, leading to widespread frustration and financial difficulties. As the closure the climax of this Verizon Class Action Lawsuit is a proposed settlement of $100 million, to compensate those affected.
$100M Verizon Class Action Settlement Claim 2024
Verizon, a New Jersey-based company, offers wireless network services to customers and they provide them at a low cost. They are continuously advertising their services at a price lower than what they charge customers in reality. Now these advertising practices turned out to be fraudulent and due to this a lawsuit has been filed against the company.
Now because of these practices, Verizon had to make a Verizon Class Action Settlement of $100 million, for which the settlement amount has been fixed. While the company is not blaming them, but still they will have to return a huge sum of $100 million to the customers.
Now the $100M Verizon Class Action Settlement Claim 2024 amount will be given to those who purchased the services between January 1, 2016 and November 8, 2023. The settlement amount was expected to be given in the month of September 2024 but there is no information about what is the last date for. the claim.
Overview of Verizon Class Action Settlement 2024
| Company Name | Verizon |
| Post Name | Verizon Class Action Settlement |
| City | New Jersey |
| Lawsuit Type | Class Action |
| How Claim Payment | Completing the claim from by April 2024 |
| Verizon Class Action Settlement Payment Date | September, 2024 |
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Let’s know about the Verizon Class Action Settlement
- The lawsuit against Verizon Wireless notifies some serious concerns regarding consumer transparency in advertising practices.
- Plaintiffs assert that the company failed to fully disclose all fees related to their advertised plan rates, resulting in unexpected charges for customers.
- This legal action emphasizes the necessity for clear communication regarding the total costs of services provided.
- The 2024 Verizon Class Action Settlement specifically addresses allegations that Verizon misrepresented the actual costs of its wireless service plans by omitting additional fees.
- A proposed $100 million settlement seeks to provide compensation to customers who were adversely affected by these undisclosed charges, which inflated their monthly expenses.
Eligibility for the Verizon Class Action Settlement
- To claim the Verizon Class Action Settlement amount, applicants must meet the eligibility requirements.
- They must have been verified as Verizon customers who have used postpaid wireless or data plans between January 1, 2016, and November 8, 2023.
- Also, they must have paid the disputed undisclosed administrative fees to be eligible for a part of the settlement.
Verizon Class Action Claim Settlement 2024 Payment Date
If you’re curious about when you’ll get your settlement payment, it’s important to know the timeline. The settlement, agreed upon in November 2023, set up a fund for eligible customers. Payments are set to begin in early 2024. Each eligible customer could get up to $100, based on how long they were charged the disputed fees. It is expected that the payment will be made in the month of September, 2024. So, stay tuned with us to know all about this payment.
The settlement payment consists of two parts:-
- One of them is known as Base Payment in which every valid claimant will get a flat $15.
- Then as monthly Service Bonus the claimant will get an extra $1 for each month the customer was charged the disputed fee, up to a maximum of $85.
- The total payment for each customer will vary depending on the number of valid claims made.
- If many customers take part, individual payments might be lower, but the fund will still be distributed fairly.
What is the current plan for Distributing Settlement?
- As per the source, those who are eligible customers may get up to $100 each as the settlement price.
- The settlement’s final approval hearing was held on March 22, 2024, and payments to eligible claimants are anticipated to be distributed a few months later. This progress is significant for those impacted, as the distribution of compensation to qualified customers advances.
- The term of payment includes the base amount and monthly bonus for undisclosed fees.
- Distribution will happen after final approval, expected in August or September 2024
- Individual claimants will receive funds accordingly.
Verizon Class Action Settlement Claim Form 2024
- To claim the share, the applicants need to fill out a claim form.
- Then they have to check if they are qualified to get that or not. For that one must have been a Verizon customer between January 1, 2016, and November 8, 2023, and have been charged disputed fees.
- First work is to go to the official Verizon Administrative Charge Settlement website.
- To download the form, click on the download button and then Download the form from the website.
- After that Complete the form with your details.
- One must Attach any necessary documents and submit the form online or by mail before the deadline.
- After submitting the required claim, the claimant will receive confirmation and further instructions.
- They have to stay updated on the settlement’s progress and respond promptly to any additional requirements.
FAQ’s: $100M Verizon Class Action Settlement Claim 2024
1. What is the Verizon lawsuit 2024?
Ans:- The lawsuit against Verizon Wireless highlights concerns regarding consumer transparency in advertising practices, specifically the failure to disclose certain additional fees within service charges.
2. Why are customers taking legal action against Verizon?
Ans:- Customers assert that Verizon failed to fully disclose all fees related to their advertised plan rates, resulting in unexpected charges for customers.
3. How did Verizon allegedly misrepresent their wireless service plans?
Ans:- Allegations claim that Verizon misrepresented the actual costs of its wireless service plans by omitting additional fees, leading to inflated monthly expenses for customers.
4. What is the proposed settlement amount in response to this lawsuit?
Ans:- A proposed $100 million settlement aims to compensate qualifying customers who were adversely affected by undisclosed administrative fees charged by Verizon.
5. Who is eligible to claim a part of the settlement fund?
Ans:- To be eligible for compensation, applicants must have been verified as Verizon customers who used postpaid wireless or data plans between January 1, 2016, and November 8, 2023, and paid the disputed undisclosed administrative fees.
6. When can eligible customers expect to receive their settlement payments?
Ans:- Payments from the $100 million fund are set to begin in early 2024, with each eligible customer potentially receiving up to $100 based on how long they were charged the disputed fees.
7. How can applicants claim their share of the settlement amount?
Ans:- Applicants need to fill out a claim form available on the official website, ensuring they meet eligibility requirements before submitting necessary documents online or by mail before the deadline.
