Tuesday, February 7, 2012

Instant Alert: Apple Might Lose A $1.6 Billion Lawsuit For Using The Word 'iPad'


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February 07, 2012
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Apple Might Lose A $1.6 Billion Lawsuit For Using The Word 'iPad'

by Dylan Love on Feb 7, 2012, 6:19 AM

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China-based company IP Application Development is suing Apple for $1.6 billion and an apology for alleged infringement on use of its trademarked iPad name, reports Apple Insider.

Apple had initially bought the trademark from the company for $55,000, but the lawsuit maintains that the deal did not include rights to use the word "iPad" in China.

Here's the thing -- Chinese courts have already found in favor of IP Application Development, but Apple is appealing the decision.

Xiao Caiyuan, a lawyer for the company, believes Apple will lose the appeal and added, "We have prepared well for a long-term legal battle."

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