Charter-Spectrum reaches $174.2 million settlement in New York AG’s speed fraud lawsuit

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Charter Communications, the parent company of Spectrum, has agreed to a $174.2 million settlement with Attorney General Barbara Underwood, following the 2017 lawsuit that saw the AG’s office sue the internet provider over misleading internet speeds. The lawsuit, led by then-Attorney General Eric Schneiderman alleged that speeds were up to 80 percent slower than advertised.

According to the New York Daily News, the $174.2 million payout will come in two forms: $62.5 million that will be refunded to 700,000 active customers (each will get between $75 and $150) and an additional $110 million in free streaming services and premium cable channels distributed to 2.2 million subscribers in New York. According to Underwood, the total settlement…

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source https://www.theverge.com/2018/12/18/18146210/charter-spectrum-174-million-settlement-new-york-state-attorney-general-internet-speeds

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