According to a settlement website set up by the law firm Girard Gibbs, members of a lawsuit against LG for G4, V10, V20, Nexus 5X, and G5 bootloop problems have received a settlement offer. The suit went to arbitration last summer.

LG is offering class members plaintiffs either $425 as a cash settlement or a $700 rebate toward the purchase of a new LG phone. That's pretty generous, and it's clear that's going to help offset some of the anger LG's created with this whole incident. I would guess most people are going to take the cash offer - that's a lot more than even a brand-new, working Nexus 5X - one of the most common devices affected - would go for on the open market. Sure, you could put that $700 rebate toward a V30 and see how much you'd get for that new in the box, but really, that's a lot of hassle.

Anyway, if you're one of the plaintiffs member of the class (yes, it's too late to join - this is a done deal well, it's not clear if you can still join the class, but if you're in the US, you can fill out this proof of claim form by February 12, 2018 and see what happens) (Update: See update 2 below - only a small group of people are eligible for this remedy), you don't have to mail in your broken phone or anything, you just get the settlement offer, straight up. Members of the class will be contacted shortly with instructions on how to take advantage of the settlement. Payments will be distributed beginning in March.

The settlement site and accompanying survey to submit a claim appear to have been shut down. We'll update this story if we learn more.

It turns out the case, which proceeded under individual arbitration in Los Angeles, was settled - but only for those persons who explicitly signed on as clients of Girard Gibbs, the firm leading the plaintiff arbitration case at the time. If you were not parts of Gibbs' initial group of clients and did not receive an email notifying you of the settlement, it's extremely unlikely you'll be able to take advantage of this offer. Girard Gibbs notes on its website LG's previous promise to cover all phones for 30 months from bootloops going forward.