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Apple Will Pay Up To $500M To End MDL Over Slow iPhones

Tiomkin Law Offices of Elliott Tiomkin > Legal News  > Apple Will Pay Up To $500M To End MDL Over Slow iPhones

Apple Will Pay Up To $500M To End MDL Over Slow iPhones

Law360 (March 1, 2020, 3:18 PM EST) — Apple has agreed to pay up to $500 million to iPhone users in a deal that would end multidistrict litigation accusing the tech company of releasing software updates that slowed down the performance of some smartphones. 

The iPhone buyers told a California federal judge Friday that they have agreed to end two years of litigation in a deal that will give class members $25 each for their phones. If the payouts and the attorneys’ fees and expenses don’t add up to at least $310 million, class members will receive up to $500 apiece until that minimum settlement amount is reached.

Apple has…

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