AT&T Agrees to $18 Million ETF Settlement

New Jersey: AT&T has agreed a settlement in the class action it's currently facing over early termination fees (ETFs), according to a notice issued by the United States District Court for the District of New Jersey.

Specifically, AT&T has agreed to pay $16 million in cash and a further $2 million in non-cash benefits to qualified class members who file forms before June 14, 2010.

To be eligible for a claim you must have "subscribed to wireless telephone service from AT&T Mobility LLC ("AT&T Mobility") or its predecessors and paid or were charged a flat-rate early termination fee ("ETF") at any time after January 1, 1998," or "Your contract included a flat-rate ETF provision at any time after January 1, 1998."

The settlement has yet to be approved in court, but a settlement hearing is set for April 14, 2010.