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Apple will offer $5 credits for parents victimized by “bait apps”

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Parents whose kids blew their money buying virtual goods in "free" apps from Apple's iPad store will be getting refunds in the near future, Ars Technica reports. That is, if a judge approves a settlement recently filed in a class-action lawsuit. Even if it's approved, the payments won't actually happen until about 2014, according to GigaOm report on the settlement [PDF] earlier today. The settlement allows for a credit or refund for any adult user who had a minor buy "game currency" (virtual goods) via the adult's account without permission. Read more with registration.

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