Apple Settles Lawsuit: Apple Settles Important Lawsuit

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“The proposed settlement, first reported by Law360, does not state how much Apple will pay in total or how many users are affected. It does state that Apple will send an email notice to “over 23 million iTunes account holders who made a Game Currency purchase in one or more Qualified Apps.”

At this point, the settlement has yet to be finalized. Instead, it has to be approved by a federal judge. With all this in mind, it appears that Apple Inc. (NASDAQ:AAPL) will be in position to start making payments by the end of 2013 or early 2014.

Those who are interested in reading the settlement in its entirety can visit this link.

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DISCLOSURE: I have no positions in any stock mentioned.

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