Verizon Class Action Lawsuit Settlement 2024 : Here’s What To Know – SarkariResult

# Verizon Class Action Lawsuit Settlement 2024: Information and Guidance

Verizon, one of the leading tech companies, has recently agreed to resolve a class action lawsuit by establishing a $100 million fund. This fund is intended to compensate both current and former Verizon mobile phone users who faced specific administrative charges during certain periods. The settlement, pending judicial approval, aims to ensure fair reimbursement for affected customers. Here’s what you need to know to navigate the settlement process.

➤ Claiming Compensation

Qualified customers have the opportunity to receive account credits up to $100. To be eligible for this compensation, customers must submit their claims by the deadline of April 15, 2024. The $100 million fund will cover these account credits and also the expenses related to distributing settlement checks, notifications, and electronic transfers.

➤ Provisions for Plaintiffs and Attorneys

In addition to compensating customers, the settlement includes service awards for the plaintiffs and addresses the legal fees and expenses of the attorneys representing the group. This ensures that the legal professionals advocating on behalf of the customers receive appropriate compensation for their efforts.

➤ Filing a Claim

Verizon has identified qualifying customers and sent out notifications regarding the settlement. Customers who have received such notifications are considered members of the Settlement Class and can file a claim to receive funds from the settlement. To initiate a claim, individuals must validate their eligibility and visit the specified website mentioned in the notification to obtain the claim form. Customers are required to provide accurate and up-to-date information, which may include relevant documents to support their claim. The final date to submit a claim is April 15, 2024.

➤ Payment Amount

The amount of compensation qualifying customers may receive depends on factors such as their duration as Verizon subscribers and the number of Settlement Class Members who submit valid claims. The maximum potential reimbursement is $100 per account, with a base payment of $15, supplemented by an additional dollar for each month the administrative fee was charged between January 1, 2016, and November 8, 2023. To qualify for this compensation, customers must file a valid claim by the deadline of April 15, 2024.

➤ Eligibility Criteria

Individuals who held Verizon postpaid accounts from January 1, 2016, to November 8, 2023, and were charged an administrative fee or both an administrative and Telco Recovery charge are eligible to file a settlement claim. Customers who have received notifications from Verizon, either through email or traditional mail, are considered eligible based on the company’s records. These notifications contain the essential ID and confirmation numbers required to initiate a claim.

➤ Fairness Hearing and Objections

A Fairness Hearing is scheduled for March 22, 2024, during which the New Jersey Superior Court will evaluate the adequacy, fairness, and reasonableness of the settlement. Customers have the option to reject the settlement and pursue independent legal action against Verizon, but they will be responsible for their own legal expenses. Those who wish to raise concerns or objections about the terms of the settlement must do so in writing by February 26, 2024. These objections will be taken into account during the final court approval session on March 22, 2024.

Verizon’s commitment to resolving the class action lawsuit and establishing a $100 million fund reflects its dedication to addressing customer grievances. By implementing a fair compensation structure and covering the legal expenses of the plaintiffs’ lawyers, Verizon aims to provide a satisfactory resolution to the matter at hand. Eligible customers are encouraged to review the settlement details carefully and submit a legitimate claim before the specified deadline to secure rightful compensation.

➤ FAQs

✍️1. Am I eligible for compensation if I haven’t received a notification from Verizon?✍️

No, only customers who have received notifications via mail or email qualify as members of the Settlement Class and can make a claim.

✍️2. If I decline the settlement offer, what are my options?✍️

If you choose not to accept the settlement, you can decide to initiate your own legal proceedings against Verizon. Nonetheless, you’ll be responsible for your individual legal costs.

✍️3. How can I voice my concerns about the terms of the settlement?✍️

If you disagree with the terms of the settlement, you can formally submit your objections in writing by February 26, 2024. These objections will then be reviewed during the final court approval session.

In conclusion, the Verizon Class Action Lawsuit Settlement 2024 presents a significant opportunity for eligible customers to seek compensation for specific administrative charges. The structured process, along with the provision for fairness and objections, ensures that customers have the necessary guidance to navigate the settlement. It is imperative for qualifying customers to take the necessary steps to ascertain their eligibility and file a legitimate claim before the stipulated deadline.

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