Apple agrees to settle lawsuit over in-app purchases made by children

Looks like Apple's set to put an end to the 2011 in-app purchase class action lawsuit filed on behalf of those whose children were spending a Smurphy amount of their money without account holder permission. According to the settlement, Apple could wind up giving a $5 gift certificate to upwards of 23 million customers. In matters where purchases total $30 or more, cash refunds may be awarded. The suit claims that Apple "failed to adequately disclose" the presence of in-app purchases in titles targeted at children, an issue Apple has since address by requiring passwords to be entered when making in-app purchases.