Palm Compensating Treo Owners, Closing Stores

In the wake of a class-action lawsuit that resulted in it having to compensate some Treo owners, Palm is closing its retail locations.

As part of the settlement for the suit that was filed way back in 2005, the company has reportedly agreed to issue cash rebates towards new smartphones to customers who have had their Treo 600 or 650 “replaced or repaired at least twice,” CNET’s News.com reports.

Palm apparently issued separate announcements for the store closings and the settlement, but Tom Krazit, who wrote the News.com

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