Verizon Communications is one of the largest telecom companies in the US. It has agreed to a class-action settlement to address allegations of overcharging or improper customer account management. Consumers must have a postpaid phone or data plan with Verizon from January 1st, 2016, to November 8th, 2023, to become eligible for the settlement.
They should have been billed the examined administrative recovery fees during this period. Customers of Verizon Wireless are finally going to get reimbursed for years of unintentionally paying hidden administrative fees on their bills.
The goals of this settlement are to provide impacted consumers with compensation and guarantee increased decency in Verizon’s billing procedures. Eligible claimants will shortly get payments. The amounts will vary based on how long customers were charged these fees, from $15 to $100. You will get an overview of the Verizon Class Action Lawsuit, read this article till the end.
Verizon Class Action Payment
Verizon is going to provide a settlement fund of $100 million to qualified consumers. The goal of this settlement is to reimburse the parties that were billed the contested administrative costs. The settlement fund will be distributed based on the duration they were billed for administrative fees. The Base Payment of $15 will be made for each legitimate claim.
The monthly service bonus is to be given to the eligible beneficiary. They will get $1/ month if they were charged the administration fee, up to a max of $85, in addition to the base amount. As a result, the maximum amount of payment for any client is $100. The number of fair claims filed and the length of period the administrative fees were evaluated will decide the actual amount received.
The Verizon class action settlement has made some criteria for class members who are qualified to submit a claim and obtain compensation. Everyone who purchased a postpaid wireless plan or data services from Verizon, whether they were current or past US customers, and who was billed for administrative and Telco recovery charges in a definite period. The consumers of Verizon who satisfy the requirements for class members and submit the claim form to the appropriate authority before the claim deadline will be entitled to the payment.
The approved claimants will get their $100 million settlement reimbursement from the Verizon administrative costs class action settlement on the payment method they choose on the claim form. The Verizon class action accepted payment methods such as PayPal, Zelle, Venmo, Virtual Prepaid Card, and Physical Check.
Overview of Verizon Class Action Lawsuit 2024
| Article On | Verizon Class Action Payment |
| Country | United States of America |
| Year | 2024 |
| Beneficiaries | Verizon postpaid consumers from January 1st, 2016 to November 8th, 2023 |
| Settlement Amount | $100 million |
| Verizon Class Action Lawsuit Payout Date 2025 | January 2025 |
| Payment Method | Electronic Deposit tor Mailed Check |
| Category | Finance |
| Official Website | Verizonadministrativechargesettlement.com |
What is the Verizon Class Action Settlement?
The Verizon Class Action Lawsuit began when consumers complained about overcharging, hidden fees, or misleading billing practices. Consumers claimed that Verizon mislaid some charges due to which their bills included unforeseen expenses. Legal action was taken as a result of these actions, which caused many users to suffer financial losses. The class action lawsuit ensures impartial and consistent compensation by combining all impacted customers into a single complaint.
Verizon Class Action Lawsuit Eligibility Criteria
To become eligible for the Verizon Class Action Lawsuit 2024, you have to qualify for the below-stated requirements:
- Postpaid Services: The beneficiary should have used postpaid wireless or data services.
- Service Period: The beneficiary should have been a consumer between January 1st, 2016, and November 8th, 2023.
- Claim Submission: The beneficiary must have submitted their Verizon Class Action Settlement form by April 15th, 2024.
- Administrative Fees: During this time beneficiary must have been charged the disputed charges.
Confirmed Verizon Lawsuit Payment Dates
Payments will be made to qualified claimants via check or electronic transfer as soon as the settlement is approved. Settlement checks that haven’t been cashed or that the Settlement Administrator decides cannot be delivered will be assumed unclaimed property of the relevant Settlement Class Member.
Any additional administrative costs will be consistently removed from the unclaimed amounts. The procedure will meet the terms with the applicable state unclaimed property laws. The settlement went into effect on September 20, 2024, when the last appeal was withdrawn. As a result, it is projected that settlement money will be disbursed in early Jan 2025.
Verizon Class Action Lawsuit Amount
Depending on the specific claims, the Verizon Class Action Lawsuit’s amounts differ. Among the variables affecting the payment are:
- Validity of Claims: Payments are to be made for confirmed claims only.
- Total Settlement Fund: The payout for each claim is determined by the total amount allotted for the settlement.
- Number of recipients: Since the fund is divided among all qualified participants, a larger number of claimants may result in smaller individual awards.
Depending on the size of their monetary losses, numerous claimants in 2024 have reported compensation that ranges from small reimbursements to large sums.
| Claim Form | Click Here |
| Homepage | Philtranco.net |