| Tuesday, February 21st 2012 |
After taking Apple to court over alleged infringement of the iPad trademark, successfully convincing the court over the allegations, leading to incidents of Chinese authorities pulling iPad off shelves, and taking it further to seek an seeking an export ban, ProView softened its stand. ProView's lawyer Xie Xianghui said that his client is open to talks with Apple over reaching a settlement. He believes that both sides are "still able to sit together and reach an out-of-court settlement."
The saga began with Apple acquiring rights to use the "iPad" brand name in China from ProView, which the latter claimed was acquired using dubious means, through a newly floated company by Apple, without ProView knowing it who it was really dealing with. This way, Apple probably bought rights to the brand name for much lower than what ProView would have sold them for, had it known who it was dealing with. iPad went on to become one of Apple's most successful brands. ProView sought a large amount of money from Apple in damages.
Source: ABC News
The saga began with Apple acquiring rights to use the "iPad" brand name in China from ProView, which the latter claimed was acquired using dubious means, through a newly floated company by Apple, without ProView knowing it who it was really dealing with. This way, Apple probably bought rights to the brand name for much lower than what ProView would have sold them for, had it known who it was dealing with. iPad went on to become one of Apple's most successful brands. ProView sought a large amount of money from Apple in damages.
Source: ABC News
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