Settlement OK'd In Apple IPhone 4 Antenna MDL

Law360, New York (February 17, 2012, 9:55 PM ET) -- A California federal judge on Friday granted preliminary approval to a multimillion-dollar settlement ending multidistrict litigation claiming that the antenna on Apple Inc.'s iPhone 4 didn't function properly, hampering the phone's reception.

Under the terms of the settlement, Apple will offer a $15 cash payment to each member of a class representing all U.S. residents who are or were original owners of an iPhone 4, experienced antenna or reception problems, and didn't use a case or free bumper offered by Apple for their phone.

The bumper,...
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