Apple's $100 million in-app purchase settlement goes live, parents of kids who created huge bills to be compensated

If you are one of the parents of kids who created huge bills from in-app purchases within iTunes apps, you can now seek compensation for your bills.

Apple have sent out the "Apple In-App Purchase Litigation Administrator" through e-mail, which includes information on the settlement and deadlines for submitting payment requests. For those with charges under $30, you'll receive a whopping $5 in an iTunes gift card. Cash refunds will be handed out to those who had bills exceeding $30.