If you’ve been following the recent developments in corporate class actions, you’ve probably come across the Verizon settlement update making headlines. The telecommunications giant has agreed to resolve a major class action lawsuit, offering significant compensation to affected consumers. Here’s what you need to know about the Verizon lawsuit settlement amount, who qualifies, and how to make sure you don’t miss out.
How Much Is the Verizon Lawsuit Settlement Amount?
The settlement reached in the Verizon class action lawsuit is valued at $100 million. This figure includes both cash reimbursements to eligible customers and credits toward future bills. It also includes attorneys’ fees and administrative costs associated with managing the settlement.
Eligible claimants were initially expected to receive a minimum payment of $15, with an additional $1 for each month they were Verizon customers during the specified period, capped at $100 per claimant. However, due to the high volume of claims and deductions for legal fees, many customers reported receiving significantly less than anticipated. In fact, many customers have expressed dissatisfaction with the settlement payouts, noting that the amounts received were much lower than expected.
Some individuals reported payments ranging from $3.55 to $14.81, leading to frustration and criticism of the settlement process.
Who Is Covered Under the Verizon Settlement?
The Verizon settlement covers current and former Verizon Wireless customers who were billed for certain administrative fees or charges between January 1, 2016 and November 30, 2023. If you had a Verizon wireless account during this time and paid specific fees that are now under dispute, you may be eligible for a cash refund or credit.
This includes both individual consumers and small business account holders, so long as they fall within the settlement’s defined class.
What Did Verizon Agree to Do?
As part of the settlement, Verizon has agreed to:
- Provide cash payments or account credits to qualifying customers
- Improve transparency around billing practices, especially how administrative fees are disclosed
- Implement internal reviews to ensure better compliance with consumer protection laws
Verizon has not admitted liability but has agreed to these terms to move forward and improve its customer service reputation.
What Is the Verizon Settlement About?
The settlement stems from a class action lawsuit that alleged Verizon engaged in unfair billing practices, including unauthorized charges and fees that were not clearly disclosed to consumers. Plaintiffs claimed these billing tactics resulted in millions of dollars in excess payments by customers over a multi-year period. While Verizon denies any wrongdoing, the company has agreed to settle the matter to avoid ongoing litigation and the uncertainty of trial.What’s the Deadline to File a Claim?
The deadline to file your claim was in 2024. To participate in the settlement, eligible individuals must have submitted a valid claim form either online or via mail.
If you failed to file by the deadline, you may forfeit your right to compensation, even if you qualify under the settlement terms.
Don’t Miss Your Chance—File Now
If you think you were affected by Verizon’s billing practices, don’t wait. The clock is ticking.
Find out if you’re eligible—submit your claim before the deadline! You can check your eligibility and file a claim by visiting the official settlement website.
Stay informed and make sure you get the compensation you deserve from the Verizon settlement update. For more information about Verizon lawsuit settlement amounts and whether you qualify under the Verizon settlement eligibility terms, follow our updates as the claims process continues to unfold.
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