Nike to offer customers cash in proposed FuelBand settlement

Apple and Nike have reached a proposed settlement in a class action lawsuit involving Nike’s FuelBand, with Nike offering cash to those affected. Apple is offering no compensation. The lawsuit, filed in 2013, claims that Nike and Apple made false claims about FuelBand’s ability to track calories burned and number of steps taken by users. Both companies still deny any wrongdoing, but Nike stopped producing FuelBands in April 2014 and Apple pulled the device from its stores this March. Under the proposed settlement, Nike is offering $15 cash or a $25 gift card to U.S. Nike stores for each member of the settlement class who submits a claim form and waives their rights to further action in connection with the lawsuit. U.S. residents who bought a Nike+ Fuelband between January 19, 2012 and June 17, 2015 are eligible for the settlement from Nike.

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