SIM-Swap Victim Settles His Claims Against Verizon, Says Court Notice

Plaintiff Dennis DePalma and Verizon reached a settlement to resolve all of DePalma’s SIM-swap claims against Verizon, said their joint notice of settlement Friday (docket 2:23-cv-22318) in U.S. District Court for New Jersey in Newark. The parties are in the process of satisfying the terms of a confidential settlement agreement, and expect to file a request for dismissal under Rule 41.1(b) of the Federal Rules of Civil Procedure by March 5, said the notice. In light of the pending settlement, the parties ask that the court vacate all pending deadlines and enter a 60-day order administratively terminating the action, it said. DePalma alleged he became a victim of cryptocurrency fraud March 21 when a John Doe “scammer” stole nearly $34,000 from his Coinbase account through a SIM swap at a Verizon store in Woodbury, Minnesota, that Verizon should have prevented (see 2311140003).