Verizon Class Action Settlements Roll Out, Claimant Gets A 'Whopping' $2.37
Several social media users on Monday reported that they received their share of the 100 million Verizon settlement. However, most of them were disappointed. One person tweeted about getting a 'whopping' $2.37 and their intention to now 'donate the amount'. The lawsuit, filed in 2021, alleged that the company misled customers by imposing undisclosed 'administrative fees' on their bills. The settlement was reached in 2023, with final court approval and the claim process starting in 2024.
On Monday, X users said they received payments from Verizon Wireless. "got my pay out from the Verizon lawsuit !!! These lawsuits are a joke, waste of time," one person tweeted, along with a screenshot of the Verizon message.
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"Class Action Lawsuits are ridiculous. Look how much the Verizon one was," another one, who received $4, claimed.
"Awww s**t. Finally got that big payday from the @Verizon class action lawsuit. What should I ape this big payday into?" a third person said on X, platform formerly known as Twitter. Verizon is yet to react to these claims.
Eligible Verizon customers were required to submit claims by April 15, 2024. A court hearing to grant final approval for the settlement was scheduled for March 22, 2024, in New Jersey. According to reports, payments were anticipated to begin in early 2025.
To qualify for compensation, customers must have:
- Been Verizon customers with postpaid wireless or data plans between January 1, 2016, and November 8, 2023.- Incurred the disputed administrative or telecom recovery fees during this period.
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Compensation Details:
Base Payment: Each valid claim will receive a flat payment of $15.-Monthly Service Bonus: Eligible customers will also receive $1 for each month they were charged the disputed administrative fees, up to a maximum of $85.
- Maximum Compensation: The total compensation for an individual claimant is capped at $100.
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Today is the final day to claim your slice of a $100 million Verizon settlement
Monday is the last day for some Verizon customers to apply for a refund as part of a $100 million settlement from a class-action lawsuit.
Earlier this year, the wireless carrier sent an email or postcard to eligible customers alerting them to file a claim by April 15 to receive up to $100, which is the result of the lawsuit accusing Verizon of charging fees that were “unfair and not adequately disclosed.”
Those who are interested in filing a claim have until 11:59 p.m. PT on a special website, where they will have to fill out a form with the required information, including the phone number attached to the Verizon account and an option on how to receive the money, such as a check, Venmo or bank wire.
The payout is at least $15 and might be more depending on how long the customer used Verizon and the number of customers who file a claim. A claim must be filed to receive the payout and only customers with postpaid wireless accounts or data plans from January 1, 2016, to November 8, 2023, are eligible.
At issue is Verizon’s “administrative charge,” which the plaintiffs said were “misleading” because that fee wasn’t disclosed in their plan’s advertised monthly price and were charged in a “deceptive and unfair manner.”
Verizon has denied the claims and said in a previous statement that it “clearly identifies and describes its wireless consumer admin charge multiple times during the sales transaction, as well as in its marketing, contracts and billing.”
A company spokesperson said the charge “helps our company recover certain regulatory compliance and network related costs.”
The settlement was a culmination of four different lawsuits brought together in a New Jersey court, that same state where Verizon is headquartered.
So-called “junk fees” are not only derided by consumers but have also attracted the ire of the Biden administration. Last October, the Federal Trade Commission unveiled a proposed rule that would ban businesses from charging hidden or misleading fees and require companies to show full prices upfront.
How to claim your slice of a $100 million Verizon settlement
Some Verizon customers might have found an unexpected surprise in the mail this week: An opportunity to receive a refund as part of a proposed $100 million settlement from a class-action lawsuit.
Eligible customers are receiving postcards or emails alerting them to file a claim by April 15 to receive up to $100, which is the result of the lawsuit accusing Verizon of charging fees that were “unfair and not adequately disclosed.”
At issue is Verizon’s “administrative charge,” which the plaintiffs said were “misleading” because that fee wasn’t disclosed in their plan’s advertised monthly price and were charged in a “deceptive and unfair manner.”
Verizon has denied the claims and said in a statement that it “clearly identifies and describes its wireless consumer admin charge multiple times during the sales transaction, as well as in its marketing, contracts and billing.”
A company spokesperson said that the charge “helps our company recover certain regulatory compliance and network related costs.”
The settlement was a culmination of four different lawsuits brought together in a New Jersey court, that same state where Verizon is headquartered. It was approved in December but still needs a “fairness hearing” scheduled for March.
So-called “junk fees” are not only derided by consumers but have also attracted the ire of the Biden administration. Last October, the Federal Trade Commission unveiled a proposed rule that would ban businesses from charging hidden or misleading fees and require companies to show full prices upfront.
To apply, a special website has been launched to fill out a form with the required information, including the phone number attached to the Verizon account and an option on how to receive the money, such as a check, Venmo or bank wire.
The payout is at least $15 and might be more depending on how long the customer used Verizon and the number of customers who file a claim. A claim must be filed to receive the payout and only customers with postpaid wireless accounts or data plans from January 1, 2016, to November 8, 2023, are eligible.
Customers who don’t file a claim “will give up any right you may have to sue Verizon about the issues in this lawsuit,” the website said.
