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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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Personal Finance

Verizon might owe you as much as $100. Here’s how to claim it

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
January 5, 2024, 11:49 AM ET
Verizon will pay $100 million to settle a class-action suit.
Verizon will pay $100 million to settle a class-action suit. Jeenah Moon/Bloomberg via Getty Images
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Verizon customers could be entitled to up to $100 as part of a proposed settlement by the wireless provider.

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The carrier is looking to resolve a class-action lawsuit that accused it of unfair administrative fees that were not adequately disclosed to customers. Verizon has denied any wrongdoing, but has agreed to settle the case. The action comes as the Biden administration has pressed Congress to pass laws eliminating “junk fees” by a number of companies.

The amount customers will be eligible for will depend on how long they’ve been with Verizon. Minimum payouts will come in at $15, with some customers potentially receiving as much as $100. Payments will be delivered via check, prepaid debit cards, or electronic payment.

How do I file a claim?

If you’re eligible to receive a portion of the settlement, you don’t have to do too much. Verizon will send you either an email or a letter, which will contain a Notice ID and Confirmation code.

Once you’ve got that in hand, you’ve got until April 15, 2024, to submit the claim on Verizon’s website.

To be eligible, you’ll need to have paid for your services on a monthly basis and been a customer between the periods of Jan. 1, 2016, and Nov. 8, 2023.

If you prefer not to be part of the class-action settlement, you can opt out and retain the right to sue Verizon separately over the matter. If you do nothing, you will not receive any settlement payment.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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