Apple's iTunes gift cards
Apple's iTunes gift cards
Settlement: $50 million
Pay-out per customer: $3.25

In April, 2009, some Apple gift card recipients became upset when they went to buy songs at the iTunes music store and discovered that some prices had been raised to $1.29. At the time, the gift cards clearly stated that the songs cost 99 cents.

As a result, disgruntled customers filed a class action lawsuit against the company, claiming Apple had overcharged them.

Apple is paying about $50 million to settle the issue. Instead of cash, customers who file a claim will get store credit. The grand total per customer: $3.25 -- not even enough to buy three $1.29 songs.

Claimants must have purchased an iTunes gift card that had "songs are 99 cents;" or other language indicating that songs sold for that price on the card or the packaging. They also must have used the card to buy one or more $1.29 songs from the iTunes store on or before May 10, 2010.

Apple had no comment.

By Les Christie @CNNMoney - Last updated February 15 2012: 5:41 AM ET
Join the Conversation
What the foreclosure settlement means for you

The nation's largest banks struck a $26 billion deal to settle charges of abusive foreclosure practices.

Find Homes for sale
  • Property Type
  • Find a home in:
    New York | Atlanta | Chicago | Los Angeles
    Washington D.C | Houston | Philadelphia | More options

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2015 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2015. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2015 and/or its affiliates.