Epson America to Settle Class-Action Lawsuits

From Bloomberg News

Seiko Epson Corp.'s Epson America unit will give consumers $45 toward the purchase of printers or ink cartridges to settle class-action lawsuits.

The settlement resolves suits in California, Texas and New York that claimed Epson America printers would say prematurely that ink-jet cartridges were empty. A Los Angeles Superior Court judge gave preliminary approval to the settlement.

Consumers will get a $45 credit per printer toward the purchase of products at Epson’s website. The total value of the settlement wasn’t disclosed. Torrance-based Epson America didn’t admit liability.