Remember that missing iPhone 4S that was allegedly lost at the Cava 22 lounge and tracked to a residence in San Francisco? The home was possibly searched illegally by Apple security and the home's owner, Sergio Calderon, threatened to sue . It appears the whole debacle may have been settled out of court, says a report in Network World .

The New York Post reports that a sting conducted by the New York Police Department last week targeting vendors suspected of selling stolen iPhones resulted in 141 arrests as the city works to cut down the market feeding on such thefts.