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Technology Stocks : Vonage Holdings

VG 8.570

-0.1%

Oct 31 9:30 AM EST

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From: Sr K	11/3/2022 1:01:46 PM
	of 141

11:47 pm Vonage Will Pay $100 Million to Settle FTC Allegations of Trapping Consumers in Subscriptions Agreement with Ericsson subsidiary represents largest penalty in FTC enforcement push to stop companies from creating obstacles to consumer cancellations Ericsson-owned Vonage charged consumers $5 to $50 a month for subscriptions to internet-based phone service.PHOTO: MARK SCHIEFELBEIN/ASSOCIATED PRESS By Erin Mulvaney Nov. 3, 2022 11:47 am ET SHARE Listen to article (2 minutes) Ericsson AB subsidiary Vonage will pay $100 million to settle Federal Trade Commission allegations that it created a web of obstacles for its customers to cancel the internet-based telephone service and charged unexpected termination fees. The agreement, filed in a federal court Thursday, represents the largest settlement of its kind in the FTC’s enforcement push against companies that allegedly throw up high hurdles to customers seeking to cancel subscriptions or services. Exc.

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