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Verizon Wireless Agrees to Settle ETF Lawsuits

Article Comments  33  

Jul 9, 2008, 3:25 PM   by Eric M. Zeman

Today Verizon Wireless agreed to pay the sum of $21 million to settle a class action lawsuit over early termination fees. The FCC has said that it is exploring the idea of having a governmental body set federal regulations for ETFs. This concession by Verizon Wireless could lead to other network operators, some of which are facing similar lawsuits, to follow its lead in order to avert further legal action from consumers.

The Wall Street Journal »



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This forum is closed.


Jul 9, 2008, 4:02 PM

Oh Verizon...

Had you not of crippled the hell outa everything you touch I would have stayed. Iphone here I come, and this should shave me some mula when I leave friday!
just so you know this doesnt mean your etf goes away. you still have to pay for it.
have you tried att in your area? i only ask because in my area, the best phone in the world couldnt make me switch to att, the service is horrible where i live.

Jul 13, 2008, 8:52 PM

Has Anyone Thought About Tax Increases?

ETFs aren't going away this is just making it Government controlled as opposed to carrier controlled but has anyone considered the fact that the Government is going to get more involved in cellular service, therefore, charge more in taxes in fees which over the course of a contract might in fact end up costing the consumer more?

And since the cost of the phones are subsidized with the guarantee of revenue through contracts and ETFs wouldn't you assume that the cellular industry might change as far as discounts go on phones? Not that there won't be any free phones but the fact that there might be less of them if the Government lowers ETFs and ETF standards?

Jul 9, 2008, 9:11 PM

Get Ready to Pay Higher Prices For New Phones

This will mean the END of free phones. The FCC just GUARANTEED it!
Oh so what! I spend money on my phones...I never get the crappy free phones. The cheap freaks will be the ones to complain... 🙄
seriously, do you really think there will be no more free phone? come on, there will always be a basic pantech or nokia or moto free, or at least free aafter rebate

Jul 9, 2008, 6:24 PM

People are to quick to think...

If you take ETF away, you are going to shell out tons of money just to get the free phone as an upgrade. I can understand why they would sue but at the same time, they are going to ruin it for us all, just like that guy who put a bomb in his shoe, now we all have to pay for that.. (Just an example)
Keep in mind the FCC isn't taking away the ETF, they will be mandating possibly how much it is and how it will be prorated. If VZW or other carriers don't like it, you'll probably see the cost adjusted in things like activation and upgrade fees.

Jul 9, 2008, 5:14 PM

Quick Math

$21 million split amongst 52 million subscribers, deduct the lawyers fees and...

Congratulations Verizon Wireless customers, for the cost of 1 free text message each you just made ETF's a government regulated mandate that can never be waived. 🤣 🤣 🤣
that's what I said.

stupid customers.

Jul 9, 2008, 7:52 PM

1 Billion vs 21 million

Verizon Saves $979,000,000 by settling and this forces other carriers to settle who have a simular suit pending.

posted Jan 28, 2008, 2:32 PM by Eric M. Zeman

An arbitrator has decided that a large class-action lawsuit against Verizon Wireless regarding early termination fees can move forward. By making this decision, this lawsuit will represent the largest class-action lawsuit ever, with approximately 70 million members qualified as part of the class. The lawsuit contends that claimants were illegally charged $175 ETFs by Verizon Wireless upon terminating their service. If Verizon loses the lawsuit, it could be forced to pay up to $1 billion in refunds. Verizon modified its ETF policies in 2006, after this lawsuit was origi...
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