Verizon To Keep Charging Controversial Fee Despite $100 Million Settlement

Verizon has agreed to pay $100 million to settle a class-action lawsuit over its monthly "Administrative and Telco Recovery Charge." The telecom giant will distribute the funds to customers who submit claims, with individuals receiving up to $100 each. Though admitting no wrongdoing, Verizon said it "continues to deny that it did anything wrong." The company defended its right to impose the charge, which was recently raised from $1.95 to $3.30 per month per line, and warned it may increase the fee again in the future. Settlement emails are still going out to eligible customers, who have until April 15 to file.

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