Does Apple Owe You Money?

For a company in which you may have invested thousands over the years, Apple might finally owe you a payment for a change.

If so, however, there’s a good chance that you already know about it.

On Monday, Apple began emailing detailed legal notices to all participants in a 2011 class-action suit that asserted the company allowed “unlawful exploitation” of young customers.

Apple has voluntarily agreed to pay up for all those parents whose kids may have made unauthorized purchases that mom and dad were stuck with.
“Apple denies all allegations and is entering into this settlement to avoid burdensome and costly litigation. The settlement is not an admission of wrongdoing,” the email from Apple reads.

All told, Apple is gearing up to pay out refunds to approximately 23 million people.

To claim their share of the benefit, class members are required to submit a valid “Claim Form” online or postmarked by Jan. 13, 2014.

Parents whose kids downloaded $30 or less worth of content will be compensated with a $5 iTunes gift card (or, Apple says, the equivalent of their total Game Currency charges). Today’s email notification also revealed that cash refunds will be given but only to consumers without an active iTunes account (or if their bill is greater than $30).

To opt out, class members must send a request postmarked by August 30th.

A detailed notice and Claim Form package contains everything you need and is available here.