Apple, Consumers Settle Gift Card Contract Suit

Law360, New York (December 10, 2010, 5:40 PM EST) -- Apple Inc. has settled a putative class action claiming it breached a contract with consumers by advertising songs sold through its iTunes gift cards as cheaper than they actually were, nearly a year after a judge ruled the case met the pleading standards established by Twombly.

In an order signed Thursday, Judge Michael J. Reagan of the U.S. District Court for the Southern District of Illinois noted that the plaintiffs' counsel had advised the court that the consumer fraud and breach of contract fight had been...
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