[JA] Juno to give some money back...
- From: George H Lunt <glunt@xxxxxxxx>
- To: juno_accmail@xxxxxxxxxxxxx
- Date: Wed, 15 Aug 2001 17:21:24 -0700
Hi All,
Was doing a little reading of Juno's latest quarterly report at
FreeEdgar.com and came across this interesting tidbit. Has to do with
what the FTC thinks has been unfair practices on Juno's part. And as
Juno is required to give notice to certain subscribers, I'm sure they
wouldn't mind a little help.
+++++++
The Federal Trade Commission has been investigating the advertising,
billing and cancellation practices of various Internet companies,
including the Company. As a result of this investigation, Juno and the
FTC entered into a consent agreement, which was approved by the FTC on
June 29, 2001, after a public comment period.
Under the terms of the consent agreement, Juno is required
to give notice regarding the possible availability of redress payments to
certain subscribers who cancelled the service and identified either the
unavailability of local access numbers or the incurrence of long distance
charges as a reason for such cancellation, as well as to subscribers who
participated in specified rebate programs. Juno will provide an
opportunity for such subscribers to apply for refunds for long distance
charges they incurred in connection with using Juno?s services for up to
two months following the date they subscribed to such services, and will
be required to make compensatory payments to qualified subscribers who
provide appropriate documentation. The Company currently anticipates
that the compensatory payments will be approximately $800,000 and has
accrued a liability for that amount representing its estimate for the
probable loss. The range of possible loss is estimated to be between
$370,000 and $1.2 million.
+++++++
George Lunt ..... so. cal.
To unsubscribe, send a message to listar@xxxxxxxxxxxxxxxxx with
"unsubscribe juno_accmail" in the body or subject.
OR visit http://freelists.dhs.org
~*~
Other related posts:
