SAN FRANCISCO — TracFone Wireless Inc., the nation’s largest provider of prepaid cellphone service, has agreed to pay $40 million to the Federal Trade Commission to settle charges that it reduced speeds for some customers with unlimited data plans.
The FTC’s complaint against TracFone, filed Wednesday in U.S. District Court for the Northern District of California, comes about a year and a half after plaintiffs lawyers led by Lieff Cabraser Heimann & Bernstein filed a proposed class action against TracFone. Lieff Cabraser’s Michael Sobol said the FTC settlement was reached in coordination with lawyers for the class and funds will be distributed through the class action claims process.
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