Apple will be settling a class-action lawsuit filed in 2010 accusing the company of failing to offer the promised warranties on iPhones and iPod Touches, according to Wired.
Apple has agreed to pay $53 million to settle the lawsuit filed against the company for allegedly overlooking the defects and repairs of under warranty- iPhone, iPhone 3G, iPhone 3GS, or the first, second and third generations of iPod Touch. The hardware giant admits to no wrong doing, according to Wired, who got a copy of the settlement document that will be filed in the San Francisco federal court in the coming weeks.
According to the settlement document, Apple will be handing out one cash payment for each device that was reported faulty. Apple will be paying more or less $200 depending on the number of claims submitted.
Apple found itself embroiled in a lawsuit after hundreds and thousands of Apple iPhone/ iPod users discovered their devices were damaged after the white tape located near the headphone jack or the charging point turned pink or red. It was reported initially that this occurred due to water contact and Apple refused responsibility for the device despite its warranty status. All these Apple devices had one-year of standard warranty and two-years of extended warranty.
3M, manufacturers of the indicators, said that the color change may have occurred due to humidity, and not water contact, Wired reported.
Apple's Vice President and chief litigation counsel, Noreen Krall, signed the document dated April 10, which is awaiting approval from the judge.
