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Apple Settles iAds Lawsuit for 7 Figures?

Apple Settles iAds Lawsuit for 7 Figures?

Posted November 1, 2010 at 4:47pm by iClarified · 6603 views
Apple may have paid a seven-figure amount to settle a lawsuit filed over the term "iAds"

CNET notes that while no one has disclosed how the case was resolved, Apple now owns the "iAds" trademark and last week a company peripherally involved in the suit posted a note to the Web that said Apple paid a "seven-figure settlement."

We've seen Apple caught up in plenty of these trademark disputes before and just like many of those, this one was settled without a peep from either party about the terms. That likely would have been the last of it but on Thursday, Consor, a company that helps evaluate intellectual property, posted a release to the Web titled "Consor Intellectual Asset Management Secures Success for Four Clients." In a teaser line under the headline, the company wrote: "iAds, a 7-figure settlement from Apple Computer in a trademark infringement case."

Interestingly, Consor denied the announcement was ever posted when questioned by CNET. When presented with the information posted on the web, Consor then said some of the information "wasn't accurate".

It's likely that the deal was supposed to be confidential.

Read More [via Martin]

Apple Settles iAds Lawsuit for 7 Figures?

Apple Settles iAds Lawsuit for 7 Figures?
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