Apple Agrees to Settle Lawsuit Over iTunes Gift Card Scam

Apple Agrees to Settle Lawsuit Over iTunes Gift Card Scam
Customers enter the Apple store on 5th Avenue beneath an Apple logo in the Manhattan borough of New York City on July 21, 2015. Mike Segar/Reuters
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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.