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.
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Has Anyone Thought About Tax Increases?
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?
Get Ready to Pay Higher Prices For New Phones
People are to quick to think...
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. 🤣 🤣 🤣
1 Billion vs 21 million
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...