Connecticut and the 49 other states have reached settlements with Verizon Wireless and Sprint worth $158 million over allegations that the mobile giants allowed phony charges on their customers’ monthly bills so they could keep a cut of the profit.
The money—$98 million for Verizon Wireless and $60 million for Sprint—will provide refunds for affected consumers in the range of $50 million for Sprint and $70 million for Verizon Wireless. Further, a $12 million payment from Sprint and a $16 million payment from Verizon will be shared among the participating states and the District of Columbia.
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