Verizon Settlement Checks: Less Than Expected

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Post on Jan 08, 2025

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Verizon Settlement Checks: Less Than Expected – What You Need to Know

Many Verizon customers are receiving settlement checks in the mail following a class-action lawsuit, but many are expressing disappointment over the amount. This article will break down why the checks are smaller than anticipated, what the settlement covers, and what you can do if you have questions.

Understanding the Verizon Settlement

The settlement stems from a lawsuit alleging Verizon deceptively billed customers for unauthorized third-party charges. This involved charges for things like premium text message services or other subscriptions users didn't explicitly sign up for. The lawsuit claimed Verizon failed to adequately protect customers from these unauthorized charges.

While the settlement is a win for many consumers, the actual payout per person is significantly less than some initially hoped for. This is due to several factors.

Why Are the Checks Smaller Than Expected?

Several factors contribute to the smaller-than-expected settlement checks:

• High Number of Claimants: A massive number of Verizon customers were potentially eligible for the settlement. This means the total settlement amount had to be divided among a very large pool of people. The more claimants, the smaller the individual payout.

• Legal Fees and Administrative Costs: A significant portion of the settlement funds goes towards covering the legal fees of the lawyers who brought the case, as well as administrative costs associated with processing claims and distributing payments. These expenses reduce the amount available for individual payouts.

• Settlement Structure: The settlement likely involved a complex formula to calculate individual payments. This might consider the length of time a customer was with Verizon, the number of unauthorized charges (if any), and other factors. This formula, while designed to be fair, can lead to smaller payouts than some may have initially projected.

What the Settlement Covers

The Verizon settlement primarily covers compensation for unauthorized third-party charges. It's crucial to understand that the settlement doesn't cover all potential charges a customer might dispute. It's specifically targeted at unauthorized charges related to the claims made in the lawsuit.

What to Do if You Have Questions

If you received a settlement check and have questions about the amount, you should first review the official settlement documents associated with the case. These documents usually detail the calculation methodology and explain why your individual payment is a certain amount.

If, after reviewing the documents, you still have concerns, you might consider contacting the administrator of the settlement. They can offer clarification on the settlement terms and the calculation of your payment. Remember to keep all your documentation regarding your Verizon account and the settlement.

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