Nike is giving $25 to FuelBand owners to settle lawsuit

Do you own a Nike+ FuelBand? Because if you do, there could be a share of $2.4 million waiting for you.

That’s because Nike and Apple have settled a class action lawsuit that means the former will now pay out $25 to anyone who bought a FuelBand between January 19, 2012 and June 17, 2015.

The reimbursement comes in the form of a Nike gift card, but you can receive a cheque for $15 as an alternative.

So what’s the deal here? Well it turns out Nike and Apple made seemingly false claims about the FuelBand’s capabilities, as reported by the IBTimes.

The plaintiffs alleged that the companies misled consumers about the FuelBand’s ability to accurately track steps, calories, and activity.

Both Apple and Nike deny the claims, but decided to settle the case “to avoid the expense, inconvenience, and distraction of continued litigation.”

Related: Best Fitness Trackers 2015

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To qualify for your $25 gift card or $15 cheque, visit the Nike FuelBand Settlement website and file a claim with the company.

You make a claim from now until January 4, 2016, but you’ll need to make sure you have the serial number for your FuelBand handy.

You can find that on the visible metal plate on the back of the FuelBand. Without the serial number, you can’t make a claim.

Were you disappointed by the Nike+ FuelBand? Let us know in the comments below.