T Mobile US Inc (TMUS)

[BottomBounce]

T-Mobile is facing multiple lawsuits, including a class-action settlement stemming from a 2021 data breach, and is also facing a lawsuit over alleged misleading pricing practices, including hidden fees.
Here's a breakdown of the key lawsuits and settlements:
1. 2021 Data Breach Settlement:
Settlement:
T-Mobile agreed to a $350 million settlement in a class-action lawsuit related to a 2021 data breach that exposed the personal data of 76 million customers.
Payments:
Customers impacted by the breach could receive payments, with the largest payout being $25,000 for those who can prove out-of-pocket losses due to fraud or identity theft.
Other Payments:
Customers who didn't claim out-of-pocket losses but were impacted could receive a smaller cash payment, potentially up to $25 (or $100 for California residents).
Timeline:
The distribution of settlement payments is expected to begin in April 2025.
More Information:
You can find more information and confirm your eligibility on the T-Mobile Data Breach Settlement website.
2. Antitrust Lawsuit (Sprint Merger):
Context:
T-Mobile US faced an antitrust lawsuit related to its 2020 acquisition of Sprint.
Claim:
AT&T and Verizon subscribers argued the merger hurt competition and led to increased prices.
Outcome:
A U.S. judge ruled in favor of the class action, according to RCR Wireless News.
3. Lawsuit Over Alleged Misleading Pricing Practices:
Claim: A class-action lawsuit alleges that T-Mobile misrepresented its "Regulatory Programs and Telco Recovery Fee" (RPTR fee), which customers claim is a hidden fee.
Details: The suit alleges that the fee is not linked to a specific benchmark, can change at will, and has an arbitrary cost, and that customers can only learn what fees they are being charged by examining their bill after already signing up.
Outcome: The lawsuit is ongoing.
4. Washington State Lawsuit:
Context:
Washington Attorney General Bob Ferguson filed a consumer protection lawsuit against T-Mobile.
Claim:
The lawsuit asserts that T-Mobile failed to adequately secure sensitive personal information of more than 2 million Washingtonians, resulting in a data breach.
Details:
The lawsuit alleges that T-Mobile knew about cybersecurity vulnerabilities for years but did not address them, and that the company misrepresented its commitment to protecting customer data.
Outcome:
The lawsuit is ongoing. $TMUS