Apple has agreed to settle a lawsuit accusing the company of knowingly letting scammers exploit its gift cards, and keep stolen funds for itself.
According to a filing on Wednesday in federal court in San Jose, California, Apple and the plaintiffs have agreed on material settlement terms after working with a mediator.
They are drafting a formal settlement to be presented to US District Judge Edward Davila for preliminary approval.
Apple Shares Plunge as Barclays Predicts ‘Lacklustre’ iPhone 16: Report
