In another case, Apple Inc. has paid $60 million to Proview Technology (Shenzhen) to end a dispute over the iPad trademark in China that saw the world’s most valuable technology company engaged in a protracted legal tussle with a near-bankrupt Chinese firm. The lawsuit had hampered some sales and delayed the launch of the new iPad in China. Prior to the launch, Proview Technology, the Chinese company, requested Chinese authorities in a number of Chinese cities to order re-sellers to take all iPads off their shelves. The court-mediated settlement, announced on the website of the Higher People’s Court of Guangdong province, will allow Apple to get on with selling its popular tablet PC in one of its most important markets. Obviously, China is a very important market for Apple and this settlement is good for the company.
Source: Insurance Journal
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