Monthly Archives: August 2020

Apple to pay $9.75M to settle Powerbeats2 class action lawsuit

By news@appleinsider.com (Mikey Campbell) Apple has settled a class action lawsuit claiming the company’s Powerbeats2 wireless earphones contain a design defect that causes the device to stop retaining a charge.The initial complaint, filed in the Superior Court of California by plaintiffs Latanya Simmons and Kevin Tobin on behalf of a wider class of device owners in 2017, focused on both Powerbeats2 and Powerbeats3 hardware. Allegations centered around advertised product robustness, waterproofness and battery life claims, all of which were claimed to be false.Plaintiffs alleged that they were forced to replace their Powerbeats2 unit during the course of ownership, saying the product failed to charge or turn on “after a short amount of time.” The suit claimed breach of express warranty, breach of the Song-Beverly Act, violation of the California Consumers Legal Remedies Act, violation of the Unfair Competition Law, unjust enrichment, common law fraud and negligence….

Source:: Apple Insider

      

How to use Robinhood to buy AAPL before or after the split

By news@appleinsider.com (Mike Peterson) Apple’s upcoming four-for-one stock split will make its shares much more affordable for users, and if you’re looking for a free and easy way to pick up AAPL stock, Robinhood is a good bet.Robinhood’s premise is to make stock trading easy and basically free.The four-for-one stock split means each AAPL share will be worth one-fourth of its amount (all things being equal). AAPL investors who hold a share will receive three additional shares. The split, which will take place on Aug. 31, 2020, also means Apple investors can buy shares of the company at a much more affordable price….

Source:: Apple Insider