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Apple Inc Settles iPhone Water Damage Lawsuit for $53 Million-WSJ


Tuesday, 28 May 2013 05:19am EDT 

The Wall Street Journal reported that Apple Inc has agreed to pay $53 million to settle a class-action suit associated with warranties for iPhones and iPods, according to lawyers representing plaintiffs in the litigation. In documents filed with the United States District Court for the Northern District of California Tuesday, class-action attorneys said the money from Apple would be placed in a fund to be shared by roughly 153,000 customers who had been denied warranty coverage under an Apple policy associated with handling water damage. The papers seek court approval of the proposed settlement. 

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