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

Have you ever lied on your CV?

View Results

Loading ... Loading ...

More News

White lies make social networks stronger, but selfish lies tear them apart

social media marketing business

“Lying is a bad thing – this is what mentors, parents and teachers tell us. But there is no society without lies.”

Amazon to take on Google in Internet advertising

Amazon

US online giant Amazon is preparing to take on Google in one of its core businesses, Internet advertising

Top tech specials this weekend

Sale

If you are looking for a tablet, TV, or laptop, you can save thousands of rands this weekend

Another SA iStore robbed

The five colors of the new iPhone 5C are seen after Apple Inc's media event in Cupertino, California September 10, 2013.

Another iStore was robbed in Gauteng on Friday — this time at Centurion Mall in Pretoria, police said

Free MyBroadband Newsletter:
Subscribe
X
bool(true)