MONEY WORLD

A settlement has been reached in a class-action lawsuit targeting the iPhone 4′s antenna and reception problems, reports CNET. U.S. residents who bought the handset will be offered either $15 or a free bumper case, however the offer is only valid for those individuals who did not take advantage of Apple’s previous offer. The settlement comes from 18 separate lawsuits that were consolidated into one, all claiming that Apple was “misrepresenting and concealing material information in the marketing, advertising, sale, and servicing of its iPhone 4–particularly as it relates to the quality of the mobile phone antenna and reception and related software.” Original buyers will be notified via email before April 30th, or they can visit www.iPhone4Settlement.com, although the site is not yet live. After the notifications are sent, the claims period will last for 120 days.

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