Verizon Faces $100 Million Payout, Eligible Customers Can Claim Up to $100

Verizon has agreed to pay $100 million to settle allegations of deceptive practices in a class-action lawsuit. Eligible customers seeking a cut of the payout will be able to submit a claim for up to $100 each as part of a proposed compensation agreement reached between the customers and Verizon to resolve the lawsuit on a class-action basis. The lawsuit claimed that Verizon customers were subjected to an administrative charge as part of what was described as a “deceptive scheme.” The company is accused of promoting its wireless services with monthly rates lower than the actual charges incurred by customers. The actual charges include an administrative charge it allegedly “imposes each month on every line purchased by its post-paid wireless service customers.”...