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Forums » Leaked Verizon Memo: Stop Saying 'Unlimited' » About time!!
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Increase speeds and volume; but cut costs »
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pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD

reply to taar
Re: About time!!

said by taar See Profile :

I guess the constant threat of a class action over their description of "unlimited" finally scared them straight.
Companies do not fear class action lawsuits. They are almost always able to structure the settlements so that they end up winning in the end. If Verizon were to be sued over this "unlimited" BS, the settlement would probably have a few hundred million in cash going to the lawyers, and a bunch of coupons for discounts on future Verizon service going to the class members.

The "costs" of these coupons will be written off as business expenses, and the members of the class would have to pay Verizon more money to realize the benefit of these things.

A real punishment would have been government action against Verizon for false advertising. If heavy fines resulted from such action, then it would force Verizon to raise its rates, and make it a less attractive wireless broadband solution for potential customers.
--
Only SHATNER is Kirk.
to forum · permalink · · 2007-04-06 09:49:57 · Reply to this


morbo
Complete Your Transaction

join:2002-01-22
00000
clubs:		 a few hundred million for lawyers isn't chump change. they will feel it, but not as bad.
to forum · permalink · · 2007-04-06 10:13:42 · Reply to this


tc1uscg

join:2005-03-09
Saint Clair Shores, MI		reply to pnh102
With VZ winning part of the GSA contract.. Think the govt will look the other way.
to forum · permalink · · 2007-04-06 11:35:17 · Reply to this
Forums » Leaked Verizon Memo: Stop Saying 'Unlimited'Increase speeds and volume; but cut costs »
« 150 Gigs  

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