Posted by: youngragingbull | April 12, 2013

Apple to settle product warranty suit for $53M: Wired

Apple Inc. is reportedly getting ready to settle a class-action lawsuit over iPhone and iPod Touch warranties for $53 million, according to Wired, citing a court document.

The case involved “potentially hundreds of thousands of iPhone and iPad Touch consumers,” who were unable to secure repairs or replacements under Apple’s one- and two-year warranties, the report said.

The settlement is due to be filed in a San Francisco federal court in the coming weeks, the report said.

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