Samsung Electronics has reached a settlement in a class-action lawsuit over 2.8 million “exploding” washing machines recalled in the US, the South Korean company said on Tuesday. “Samsung has chosen to settle class-action lawsuits involving top-load washing machines that were subject to a voluntary recall,” Samsung said in a statement, adding the decision was reached to “avoid distraction and expense of litigation”. The washing machines in question have long been off the market, Samsung said. The South Korean consumer goods titan has suffered several blows to its reputation in recent years. The group’s heir, Lee Jae-yong, was soon after embroiled in a major corruption scandal that ousted South Korean president Park Geun-hye, and he spent nearly a year in jail for bribing her close confidante.

Source: Punch February 12, 2019 08:48 UTC