Apple Reported To Pay $53M To End IPhone Warranty Suits

Law360, New York (April 12, 2013, 6:08 PM EDT) -- Apple Inc. reportedly agreed Friday to pay $53 million to settle state and federal proposed class action claims by iPhone and iPod Touch users accusing the electronics giant of wrongfully refusing to provide warranty coverage for their devices.

Apple’s settlement will resolve claims that it knowingly used an inferior liquid-detection tape on its devices, which indicated water damage even when there was none, to deny warranty coverage. Apple’s warranty coverage does not extend to devices that have been submerged or spoiled by water damage, according to...
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