Apple Agrees to Pay $500 Million for iPhone Class Action Law Suit Settlement
Apple agrees to pay consumers an amount of up to $500 million to settle a class action lawsuit that was filed against the company, which accused the company of purposely slowing down iPhones.
The Apple iPhone slow down class action suggested that the company was intentionally slowing down older versions of iPhones in order to make consumers spend money on purchasing new ones.
Apple has agreed to settle the lawsuit by paying consumers anywhere from $310 million up to $500 million.
Apple will pay eligible consumers approximately $25 per iPhone that is covered by the settlement agreement, which could be more or less based on however many iPhones end up being covered. The minimum payout will be $310 million, while the maximum payout will be $500 million.
The settlement is subject to approval by a judge on April 03, 2020.
iPhone Models Covered by the Settlement
The settlement covers various models of iPhones for consumers in the United States, including the following:
- iPhone 6
- iPhone 6 Plus
- iPhone 6S
- iPhone 6S Plus
- iPhone 7
- iPhone 7 Plus
- iPhone SE that ran iOS10.2.1 or later operating system
Are You Eligible for Compensation From This Apple iPhone Class Action Lawsuit Settlement?
Do you believe you have been effected as a consumer? If so, you should be eligible for compensation from this lawsuit as long as you have previously owned one of the iPhones listed above that are covered by the settlement.
Would you like additional information and legal assistance? Our attorneys at KAASS Law are always ready and willing to help regarding legal matters with the best of our ability! Feel free to give us a call anytime at (310) 943-1171.