Apple Pays 60M to Setting iPad Copyright Claim in China

  • Share
  • Share

By
2 Jul, 2012 9:30 pm

0 comments

Apple is getting a taste of their own copyright loving medicine as the Californian company has agreed to pay Proview $60 million to settle a dispute over ownership of the iPad name in China.  If you haven’t been following this case, this hickup is why the iPad has never officially gone on sale in China.

Apple Inc. bought the global rights to the iPad name from Shenzhen Proview Technology in 2009 but through some oversight, the rights in China were never transferred. A Chinese court ruled in December that Proview still owned the name in China and this is when Chinese authorities in isolated incidents seized iPads on behalf of the company.

“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.”

Proview had hoped for more money but felt pressure to settle because it needs to pay debts, they had actually hoped for as much as $400 million.  The money they have recieved in the settlement may actually not be enough to clear the companies debts since they are actually taking part in more than one law suit.

Now that iPad’s are have the green light for sale in China, we wondering if this will change their availability since they tablet is easy to get on the black market.

Via BigStory.Ap


Related Posts