Apple’s settlement offer rejected by Proview

Apple offered to settle a trademark dispute with Proview, but the offer was rejected for being too low

May 11, 2012
Apple logo colourful

Apple has reportedly offered Proview Technology $16 million (R128.72 million) to settle an ongoing legal dispute between the two companies over the use of the iPad name. However, the offer was rejected for being too low.

Proview is instead seeking damages to the tune of $400 million (R3.22 billion), which it will use to appease creditors that have helped keep the cash-strapped company afloat during a difficult financial time.

Proview originally planned to sue Apple in the United States for $2 billion (R16.09 billion), but a Californian judge rejected the lawsuit, and encouraged the companies to reach a settlement.

Apple claims it licensed the trademark from Proview in 2009; however, the Chinese company claims the transaction was invalid due to a number of circumstances.

Read the full story at: Boy Genius Report.

Tags: Apple, Apple ipad, Proview, trademark

Free Email Newsletter:
Subscribe

Shutterstock is the image partner of MyBroadband – technology images can be found here

Join the conversation

Connect with MyBB

twitterfacebookandroidappleblackberrynewsletterfeed

Poll

Which tech brand do you like the most?

View Results

Loading ... Loading ...

More News

Great deals on tech products and gadgets

Sale

South Africans can save a lot of money on tech deals from Makro, Dion Wired, Incredible Connection, and other retailers this weekend

E-toll blue light car fight headed to court

e-toll fear

South African mobile operator Cell C says it has grown its subscriber base, by an additional 1.5 million in the past three months.

Icasa reviews SA’s TV, radio content

ICASA

The Independent Communications Authority of SA (Icasa) is reviewing the country’s content regulations for television and radio

Massive Cell C subscriber growth

Cell C explosive

South African mobile operator Cell C says it has grown its subscriber base, by an additional 1.5 million in the past three months.

Free MyBroadband Newsletter:
Subscribe
X
bool(true)