Cellubration

Sunday, June 13th 2008 --  Verizon Wireless has agreed to settle their early termination fees class action lawsuit for $21 million, a sum much less than the originally reported asking amount of $1 billion.

Verizon Wireless spokepeople meantime downplayed the settlement, actually stating that they settled because it "was a distraction" and that the $21 million was a "quick way to resolve it"

Meanwhile many regulators believe the settlement may give FCC Charimen Kevin Martin the ammo he needs to set a national set of guidelines in terms of Early Termination Fees charged by wireless carriers.

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