Apple Settles $60M iPad Trademark Suit
Firm claimed rights to name in China
By Matt Cantor,  Newser User
Posted Jul 2, 2012 10:30 AM CDT
This April 5, 2012 photo shows the company logo at the Apple Store in London.   (AP Photo/dapd, Martin Oeser)

(Newser) – Apple is ending a Chinese trademark spat with a $60 million settlement. Apple bought the rights to the iPad name from Chinese firm Proview in 2009, the US company says—but Proview argues that it maintained rights to the name in China. As the dispute continued, Proview asked customs offices to stop importing and exporting iPads, the Wall Street Journal notes. A court case resulted in mediation; a lawyer for Proview applauds the settlement. "As we all know that Apple has made iPad such a big name, I don't think that brand could do Proview a lot of good even if Proview won it. So this is a good solution for both sides."