Chinese law firm Grandall has submitted an ‘asset protection application’ to the Shenzhen Yantian District People’s Court requesting that the court temporarily seize the China iPad trademark as part of Grandall’s lawsuit against Shenzhen-based display device manufacturer Proview Technology, a subsidiary of Proview International Holdings. The seizure could affect the transfer of the trademark to Apple.
Worstall reports, “So, what the law firm has done is tried to have the IPAD trademark assigned to itself until it gets paid. Quite how much Proview cares about this I’m not sure. As they’re bankrupt there’s not a great deal that anyone can do to get the $60 million back from them. And quite what the law firm’s end game is I’m not sure either. If the trademark is assigned to them what happens next? Do they sue Apple again for violating the trademark owned now by the law firm? Hope Apple will help them out by coughing up the fees?”
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MacDailyNews Take: Apple already paid off the extortionists to the tune of $60 million in what seems like an exasperated, let’s-end-this-idiocy move. Regardless of the shenanigans in Chinese courtrooms, Apple most definitely should not, under any circumstances, pony up another $2.4 million to pay off the extortionists’ tools.
Proview sued by law firm who squeezed Apple for $60 million over iPad trademark in China – July 23, 2012
Apple wins major victory in China, ends iPad trademark fracas – July 2, 2012
Apple settles China iPad trademark dispute for $60 million – July 2, 2012