Apple Settles iPad Trademark Dispute With Proview for $60 Million

Posted July 2, 2012 at 5:00am by iClarified | Please help us and submit a translation by clicking here | 7938 views

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.

Read More


Share
Add Comment
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 http://www.binnbox.com 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 ?
lepaka - July 2, 2012 at 8:12am
i would gave notjing - ZERO - i would have changed the iPad name to "fuck proview PAD".
10 More Comments
Follow iClarified
Apple Acquired BookLamp Startup Back in April for $10-$15 Million
Apple acquired the 'Pandora for Books' startu...
OS X Yosemite Adoption Nearly Doubles Following Public Beta
Adoption of the OS X Yosemite beta has nearly...
U.S. House of Representatives Passes Bill That Will Make Cell Phone Unlocking Legal
Bose Sues Apple's Beats Over Noise-Cancelling Headphone Patents
Bose has sued Beats, a company which Apple ha...
Apple's 10-Q Filing Reveals Major Increase in Spending on Manufacturing
Apple's 10-Q filing with the U.S. Securities ...