AT&T proposes $18M settlement for New Jersey ETF lawsuit

In a sweet victory for cell phone users fed up with exorbitant early termination fees (ETFs), AT&T has proposed a settlement in a New Jersey class action lawsuit that contends the company's flat-rate ETF is unlawful. The wireless carrier has offered hefty $16 million in cash and $2 million in non-cash benefits as a settlement for class members who file claim forms by June 14, 2010.

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