Apple has today agreed to settle a long-standing class-action lawsuit with consumers over its AppleCare warranty service for the sum of $53 million. The suit, which was filed back in 2010, has to do with the company's policy on servicing liquid-damaged products.
In the filing, consumers claimed that the LCIs (liquid contact indicators) in older iOS devices were faulty, causing them to falsely signal that a gadget had been damaged by water. And Apple would deny customer warranty claims based on these defective indicators...