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July 28, 2015, 1:34 PM GMT By Associated Press

NEW YORK -- Nike will give partial refunds or gift cards to people who bought FuelBand fitness trackers in the last 3 1/2 years, resolving a lawsuit that says the products can't accurately tally how many steps a user is taking or how many calories they've burned.

A website maintained by Gilardi & Co., a firm that administers settlements, says Nike Inc. will give $15 payments or $25 gift cards to people who bought FuelBands between Jan. 19, 2012 and June 17, 2015.

Nike and collaborator Apple deny the allegations in the lawsuit but agreed to settle to avoid a continued legal tussle, according to court documents.