Apple and Nike Settle FuelBand Class Action Lawsuit

Apple and Nike settled a two-year-old class action lawsuit that challenged their advertising claims regarding the Nike+ FuelBand. The lawsuit alleged that Nike and Apple made misleading statements about the FuelBand's ability to accurately track steps, calories and NikeFuel. Under the settlement, customers who purchased a FuelBand between January 19, 2012 and June 17, 2015 can make a claim for either a $15 payment or $25 gift card redeemable at Nike-owned stores in the United States and Puerto R...