Verizon settles ETF class action suit for $21 million
It's a far cry from the $1 billion potential pay-out we heard about initially, but it looks like Verizon will still be forking over a hefty chunk of cash as a result of that class action lawsuit over early termination fees -- $21 million, to be exact. Verizon still isn't about to admit to any wrong doing, however, with its spokesman saying simply that the suit "was a distraction," and that "this was a quick way to resolve it." As Dow Jones points out, the resolution of suits like these could well put a renewed focus on FCC Chairman Kevin Martin's efforts to curtail carriers' ability to charge ETF fees, which he hopes will eventually be governed by some national rules.[Via Phone Scoop]
Reader Comments (Page 1 of 1)
Rambler82 @ Jul 13th 2008 8:55AM
Doesn't ETF mean Early Termination Fee
"...ETF fees" So.... Early Termination Fee Fees,
champ22 @ Jul 13th 2008 5:26PM
so there trying to do away with ETFs?
angie_is_dying @ Jul 13th 2008 12:55PM
Where?
michelle @ Aug 5th 2008 10:05PM
i am forced to cancle early do to the harrassing attitude of verizion co. they continue to charge bogus amounts witch i am unable to paiy and i had to purchase my own phone just over 2 months after signing up related to a known defective phone the pink razor that over heated in my hands as i was talking to one of many of my doctors related to the fact i have multiple sclerosis also there harrassing attitude effects my heath stessing me out on a daily basis with the uncaring attitude mocing and even chuckingling at mistakes and claiming there billing mistakes are somehow caused by you. i was so suprised to see just how many hard working american were being treated the same way REMEMBER VERIZION THIS IS THE LAND OF THE FREE!!!!!! somehow we forgotten that comeone america lets pull togather and set this company striaght.
MP @ Aug 15th 2008 2:39PM
Does anyone have the link to the settelment form
Dave @ Aug 18th 2008 11:24AM
http://www.verizonetfsettlement.com/