Apple to Pay $32.5M to Settle FTC Suit Over App Purchases
Apple today indicated that it has agreed to settle a lawsuit filed by the U.S Federal Trade Commission regarding in-app purchases made by children. The details, shared with Apple employees in an email from CEO Tim Cook, indicate that Apple will pay the FTC $32.5 million to drop the lawsuit. Apple already settled a class-action lawsuit filed by consumers whose children unknowingly rang up hundreds of dollars of in-app purchases. Apple has since altered its in-app purchase polices and is in the process of reimbursing some 37,000 claimants in the original case. Cook felt the FTC's follow-up lawsuit was unfair and smacked of double-jeopardy, but settled anyway to avoid "a long and distracting legal fight."
WELL SINCE they got their check book out???
"Enjoy your chump change"
- Tim Cook