Apple Settles iPad Trademark Dispute With Proview for $60 Million

Apple Settles iPad Trademark Dispute With Proview for $60 Million

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Apple has agreed to pay Proview $60 million to settle a dispute over the iPad trademark in China, reports the Associated Press.

"The iPad dispute resolution is ended," the Guangdong High People's Court said in a statement. "Apple Inc. has transferred $60 million to the account of the Guangdong High Court as requested in the mediation letter."

According to the Associated Press, Proview was looking for a larger sum but felt pressure to settle due to appease its creditors.

Proview hoped for more money but felt pressure to settle because it needs to pay debts, said a lawyer for the company, Xie Xianghui. He said the company had hoped for as much as $400 million and might still be declared bankrupt in a separate legal proceeding despite the infusion of settlement money.

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Apple Settles iPad Trademark Dispute With Proview for $60 Million
Composure - July 4, 2012 at 2:23am
He was a great man, it is he who create Apple that lead to the emergence of some affiliated industry, such as apple cases, apple cables, apple chargers, etc. Our website appears with these apple devices. All success we create should owe to Jobs.
rudyy - July 2, 2012 at 6:29pm
You are all correct. Who is Proview when a big American company wants what it has? Fuck Proview! Fuck the whole world! Sue the whole fucking world, Jobs. You are GOD! Morons
Full_Blown_Addict - July 2, 2012 at 11:53am
What really blows my mind is that I'm sooo gay and like boy penis in my mouth.
Who Cares is a douche bag! - July 2, 2012 at 4:21pm
Have fun living in your mommies basement the rest of your life you 400 pound virgin troll loser!
justabrake - July 2, 2012 at 10:18am
LOL a company that was broke and on the way out gets NEW life from apple ! I would have changed the name myself, I don't think they could recoup that much money spent there. Who calls these shots ?
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