Apple To Pay $60 Million Over iPad Trademark Dispute

Posted by samzenpus on Monday July 2, 2012 @03:00AM from the money-fixes-everything dept.

tekgoblin writes "Today a Chinese court has stated Apple, Inc. has agreed to pay a Chinese company $60 Million dollars to settle their infamous iPad name dispute. In 2006 Apple purchased the Taiwanese rights to the name 'iPad' from the company Proview Electronics. In China however, the trademarked name was still owned by Proview Technologies, a Shenzhen based subsidiary of Proview Electronics. Since 2011, Proview Technologies has battled Apple in the Xicheng district court and in 2012 the Santa Clara Superior Court. Both cases are still ongoing."

3 of 120 comments (clear)

Min score:

Reason:

Sort:

That should really hurt Apple by Anonymous Coward · 2012-07-02 03:09 · Score: 2, Funny

For the couple minutes it takes them to make it back.
1. Re:That should really hurt Apple by MilwaukeeMadAss · 2012-07-02 03:15 · Score: 3, Funny
  
  "Say there Peg, would you be a gem and take some money out of petty cash and send it to China. M'kay? Thanks."
Re:Live by the sword... by arkane1234 · 2012-07-02 03:09 · Score: 5, Funny

Especially against the Chinese. I mean, they're paramount for proper trademark usage!

--
-- This space for lease, low setup fee, inquire within!