Settlement Of IPhone Performance-Throttling MDL Preliminarily Approved

Mealey's (May 19, 2020, 7:08 PM EDT) -- SAN JOSE, Calif. — Three months after a settlement was announced between Apple Inc. and a putative class of certain iPhone users who asserted performance speed slowdowns after a 2017 operating system (iOS) update, a California federal judge on May 15 granted preliminary approval to the parties’ agreement, which is potentially valued at $500 million (In re:  Apple Inc. Device Performance Litigation, No. 5:18-md-02827, N.D. Calif.)....