Charter To Refund $62M In Slow Internet Settlement

The New York Daily News reports:

After being accused of defrauding its internet subscribers, Charter Communications Monday agreed to a whopping $174.2 million settlement with state Attorney General Barbara Underwood, the Daily News has learned.

In February 2017, the AG charged in a civil lawsuit that Charter Communication, and its predecessor Time Warner Cable, knowingly delivered since 2012 slower internet speed to customers than promised.

Under a deal reached Monday, Charter agreed to repay $62.5 million directly to more than 700,000 active customers, who will each receive between $75 and $150 from the company.