Comcast To Pay Out $50 Million In Cash And Services To Settle Overcharge Lawsuit
A decade-old lawsuit against Comcast, accusing the company of overcharging television subscribers, has come to an end. The initial settlement, pending court approval, will have Comcast pay $16.67 million in cash to former and current subscribers living in Philadelphia and four other Pennsylvania counties.
However, given that there are around 800,000 people included in the settlement means the settlement will amount to a little over $20 per subscriber. However, the cable company will be offering current subscribers up to $33.33 million in services in the form of a $15 bill credit, free internet upgrades, or movies that will be worth up to $43.90.
Last year, the Supreme Court dismissed an earlier version of the lawsuit that covered 2 million subscribers. In the previous lawsuit, Comcast was also accused of attempting to monopolize the cable TV market in Philadelphia and that the company was unfairly raising the prices by acquiring rivals or swapping coverage areas. However, the lawsuit was dismissed based on the reason that it was unable to show that subscribers had suffered in any way.
The settlement for the current iteration of the lawsuit will cover Comcast customers in Philadelphia along with Bucks, Chester, Delaware, and Montgomery counties in Pennsylvania who have subscribed to other video programming services or who did so between 2003 and 2008.
However, given that there are around 800,000 people included in the settlement means the settlement will amount to a little over $20 per subscriber. However, the cable company will be offering current subscribers up to $33.33 million in services in the form of a $15 bill credit, free internet upgrades, or movies that will be worth up to $43.90.
Last year, the Supreme Court dismissed an earlier version of the lawsuit that covered 2 million subscribers. In the previous lawsuit, Comcast was also accused of attempting to monopolize the cable TV market in Philadelphia and that the company was unfairly raising the prices by acquiring rivals or swapping coverage areas. However, the lawsuit was dismissed based on the reason that it was unable to show that subscribers had suffered in any way.
The settlement for the current iteration of the lawsuit will cover Comcast customers in Philadelphia along with Bucks, Chester, Delaware, and Montgomery counties in Pennsylvania who have subscribed to other video programming services or who did so between 2003 and 2008.
