If you are a Spectrum cable customer, you might want to take another look at your latest bill, or pay close attention to the one you get next month–you might be pleasantly surprised.
Spectrum customers in New York are getting a big break in their bills stemming from a settlement announced by the State Attorney General last December.
Former Attorney General Eric Schneiderman filed a lawsuit against Spectrum Management Holding Company, its parent company Charter Communications, Inc. and the previous cable provider, Time Warner Cable, accusing those companies of fraud and deceptive advertising two years ago.
Charter Spectrum settled the lawsuit without admitting they did anything illegal, but agreed to shell out $174 million, including $62.5 million worth of refunds, which the Attorney General’s office said amounted to the largest consumer payout by an Internet Service Provider in U.S. history.
For more information on the Charter Spectrum settlement, the former acting New York Attorney General Barbara Underwood spelled it out in more detail here. A spokesperson for Spectrum confirmed the company has started issuing the refunds, and active eligible customers are receiving notification as part of their March statements.