Verizon’s $100M lawsuit settled. How to get a cut

Verizon users, some current and former, may be eligible for a chunk of change connected to a recently-settled class action lawsuit filed against the wireless provider over administrative charges if they take action before mid-April.

The company will hand out up to $100 million in total under the terms of the proposed settlement it reached in mid-November in the case Esposito et al. v. Cellco Partnership d/b/a Verizon Wireless, according to court filings. It did not include an admission of wrongdoing or liability.

The portion of the settlement that eligible individuals will receive is expected to vary, with the base set at $15 with an additional $1 added on for each month they were subject to the administrative fee that prompted plaintiffs to sue, the settlement administrative website said. The payments are currently capped at $100 per account holder.

By Aislinn Murphy FOXBusiness