intent to acquire TracFone in a cash-and-stock deal worth up to $6.9 billion. The deal closed on November 23, 2021. The acquisition will likely wind down the agreements to use the AT&T and T-Mobile GSM networks in favor of the Verizon LTE network (as the slower last-generation CDMA network for Verizon is being wound down itself), and as of September 2022, Straight Talk has transitioned to Verizon SIMs and Verizon-compatible phones, along with encouragements to replace TracFone GSM handsets. Legal issues Roaming and repair issues On February 9, 2007, a preliminary settlement in a class-action lawsuit against TracFone was carried out by Jeanette Wagner, and approved in the Boone County Circuit Court in Kentucky. The complainants alleged that TracFone misled consumers by charging a roaming rate in their home calling area (they were charged for 2 units per minute, not the usual 1 unit per minute), and that it refused to extend their prepaid service time during handset repairs. As a result of the settlement, Tracfone gave each of their customers an extra 20 units of airtime. Misleading "unlimited" plan claims In January 2015, the Federal Trade Commission started a class action lawsuit naming TracFone and its affiliates, saying that the company cut off or slowed down "unlimited" data to its customers after they reached a fixed 30-day limit. TracFone was being sued over lying to their consumers about "unlimited" data. This led to $40 million in consumer refunds as a result. References External links TracFone.com Articles needing additional references from June 2017 Companies based in Miami Mobile phone companies of the United States Telecommunications companies established in 1996 Retail companies established in 1996 American companies established in 1996 1996 establishments in Florida Mobile virtual network operators América Móvil 2021 mergers and acquisitions