AT&T Offers $18m to Settle ETF Class-Action Lawsuit

Pulkit Chandna

AT&T has offered to settle a class-action lawsuit brought against it on behalf of its customers (January 1, 1998 through November 4, 2009) for $18 million. The class-action lawsuit brings into question the legality of the company's early termination fee (ETF). Under the settlement, subject to court approval, class members who submit their claims on or before June 14, 2010 will be eligible for money or compensation.

AT&T made it clear that the settlement must not be treated as an admission of guilt on its part. “We strongly deny any wrongdoing, and no court has found AT&T Mobility committed any wrongdoing regarding these fees. However, we have agreed to settle to avoid the burden and cost of further litigation,” AT&T said in a statement. If you remember being an AT&T customer during the 11-year stretch of time, then you are not only eligible for the proposed amount or non-cash benefits but also free to object to the proposed terms of settlement.

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