Verizon Pays $21 Million to Settle ETF Class Actions

Verizon has settled class action suits regarding Early Termination Fees to the tune of $21 million dollars to pay off plaintiffs and attorney's fees.

The settlement comes after the start of a trial last week in California.  Verizon has not admitted to any wrong doing.

News reports say that Verizon spokesman, Jim Gerace said, " "This suit was a distraction. This was a quick way to resolve it."