Verizon settles suit over early termination fees

Verizon Wireless has agreed to pay $21 million to settle a lawsuit filed by California customers upset with the company's early termination fees, a lawyer on the case said Wednesday.

[liner]

So THAT's why they charge cancellation fees, to recover the cost of the cell phone they give you. Going by the LG phone Verizon gave me, the cancellation fee should be no more than 11cents.