Wireless companies, states, settle for $10 million over "misleading" practice [Yahoo! Finance]
AT&T Inc. (T)
Last at&t inc. earnings: 4/22 06:54 am
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Source: Yahoo! Finance
Attorneys general in 46 states and the District of Columbia jointly began an investigation into "deceptive and misleading" advertising practices by the companies, such as offering "free" phones and "unlimited" data without disclosing the true nature of such offers, according to a statement from the New Hampshire Attorney General's Office. The companies involved are AT&T Mobility, LLC; Cricket Wireless, LLC; T-Mobile USA, Inc.; Cellco Partnership, d/b/a Verizon Wireless; and TracFone Wireless, Inc. The attorneys general alleged that the companies advertised their products and services "without clearly and conspicuously disclosing all of the material terms and conditions of their offers, and in some cases, even misrepresenting those terms and conditions, according to the agreement. The wireless carriers continue to deny that they engaged in any such practices, but agreed to settle with the states "so that this matter may be resolved amicably," the agreement states. Under the ag
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