In 2024, Verizon agreed to a landmark $100 million class action settlement, resolving allegations that the company misled customers by improperly charging them administrative fees. This settlement, which has caught the attention of millions of Verizon customers, offers compensation to those affected by the charges. Here’s everything you need to know about the settlement, the payout amount, and when to expect your payment.
What is the Verizon Class Action Settlement?
Verizon faced a class action lawsuit alleging that it had been charging customers an administrative fee without providing clear disclosure. The lawsuit claimed that Verizon imposed these charges on postpaid wireless and data plans, including administrative and telco recovery charges, between January 1, 2016, and November 8, 2023. Customers affected by these charges are now eligible for compensation.
In December 2024, Verizon agreed to pay $100 million to settle the claims. This settlement provides financial relief for customers who were subject to these unauthorized fees over several years. Verizon’s settlement is seen as a way to resolve the dispute and offer restitution to affected customers.
How Much Will You Receive?
The amount of compensation a claimant can receive depends on how long they were charged the administrative fees. Eligible customers who submitted a valid claim will receive a minimum payout of $15. For each month a customer was charged the administrative fees, they will receive an additional $1. The total payout per person could reach up to $100, based on the number of months their account was affected.
If you were a Verizon customer during the class period and were charged administrative fees, your settlement amount will be calculated based on the number of months you were billed these charges. The payout amount will depend on the total number of valid claims submitted, so the actual amount you receive may vary.
When Will Payments Be Sent?
Originally, Verizon had planned to distribute payments to eligible class members in December 2024. However, due to legal appeals and other procedural delays, the payout has been postponed. Payments are now expected to be issued starting in early January 2025.
Eligible claimants can expect to receive their payments either by check or electronic transfer, depending on the payment preference they selected during the claims process. It’s important to keep your contact information up to date to avoid any delays in receiving your payment.
How to Check If You’re Eligible for the Settlement
To qualify for the Verizon class action settlement, you must have been a customer of Verizon’s postpaid wireless or data service between January 1, 2016, and November 8, 2023. During this period, you must have been charged the administrative and/or telco recovery charges, which were at the center of the lawsuit.
If you think you may be eligible but haven’t yet filed a claim, it’s crucial to do so before the deadline. Claims for the settlement had to be submitted by April 15, 2024. Unfortunately, if you missed this deadline, you would no longer be able to receive compensation.
How to File a Claim
To file a claim for the settlement, customers were required to complete an online or paper form, which asked for their account details and information about the administrative fees charged to their account. The deadline to file claims has passed, so if you’ve already submitted your claim, all you need to do is wait for your payment to be processed.
What’s Next for the Verizon Class Action?
As the payout date draws nearer, Verizon customers should monitor their mail and email for updates regarding the distribution of settlement checks or direct deposits. If you are still uncertain about whether you qualify, you can visit the official settlement website for further details and instructions on how to check your eligibility.
It’s important to remember that the settlement payment amounts may be adjusted depending on how many valid claims are submitted. Therefore, it’s essential to act quickly in the future if you find yourself in a similar situation.
Conclusion
The Verizon class action settlement of $100 million is a significant opportunity for customers affected by administrative charges. With payments expected to begin in early 2025, now is the time to keep an eye out for your settlement check or direct deposit. For more information on the settlement, including eligibility and updates on payment distribution, be sure to check official sources like the settlement website or reach out to the claims administrator.
For more detailed information on the Verizon Class Action Settlement, you can visit Top Class Actions.
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