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Apple Inc.  has filed a $53 million preliminary class settlement agreement in Santa Clara County Superior Court in California, potentially allowing $200 refunds to iPhone and iPod Touch customers who claim they should be covered under warranties but were not because of liquid indicators in their devices.

A group of four class representatives were upset over Apple’s liquid damage policy prior to Dec. 31, 2009, in which the company would deny coverage under the standard warranty and purchased AppleCare Protection Plan for an iPhone whose headphone jack or dock connector was pink or red, indicating water contact, and for an iPod Touch with the same description before June 30, 2010.

Apple iPhone and iPod Touch users who were covered under a warranty, brought in devices before those dates and were denied repairs or replacements because of a pink or red indicator will be able to go to a website for class members after judicial approval is given.

Jeffrey Fazio, an attorney representing two of the four class representatives, said he expected judicial approval in the next 30 days, according to ABC News.

“They’re both delighted, as are we,” Fazio said of his clients. “We think it’s a very good settlement. We think people will get real money and real relief.”