Friday, 23 August 2013

Apple Faces Potential $38 Million Fine in China as $1.6 Billion Lawsuit Over 'iPad' Trademark Proceeds


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ismashphone summarizes pair of reports china claiming apple facing potential 240 million yuan ($38 million) fine governmental authorities on alleged trademark infringement involving "ipad" name. fine pales, however, in comparison $1.6 billion proview technology, claims own name, seeking win in series of lawsuits filed against apple. proview said seeking apology apple , injunction preventing company using ipad name in china.

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proview first accused apple of trademark infringement in 2010, claiming had owned mark in china since 2000 , seeking settlement apple in range of $800 million. apple fired own lawsuit claiming did own "ipad" rights in china after having purchased european rights proview's parent company $55,000.

proview having filed 10 billion yuan ($1.6 billion) suit against apple in meantime, apple lost suit when court ruled chinese rights had not been included in purchase because parent company did not hold authority sell them.

apple appealing december ruling in favor of proview, , potential government fines or resolution proview's case against apple appear waiting case resolved.

article link: apple faces potential $38 million fine in china $1.6 billion lawsuit on 'ipad' trademark proceeds
 

$38 million? that's ashtray money.
 


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