Apple's $500 Million iPhone Deal Warrants Approval, Plaintiffs Say

A proposed class settlement calling for Apple Inc. to pay up to $500 million to resolve allegations it throttled the battery performance of older iPhones should get tentative approval, plaintiffs told a federal trial court in California.

Apple agreed to pay at least $310 million, up to a maximum settlement of $500 million, with plaintiffs calling it “an excellent recovery,” according to Feb. 28 court filings.

Between December 2017 and June 2018, plaintiffs filed some 66 proposed class suits against Apple, alleging the company deliberately slowed the battery performance of older phones with software updates. The U.S. Judicial Panel on ...