Financial Post reports that Apple has lost a lawsuit it had filed against Chinese company Proview Technology alleging infringement of the "iPad" trademark. At stake in the dispute is ownership of the Chinese "iPad" trademark itself, which Proview registered for in China back in 2000. The company threatened to sue Apple last year amid failed negotiations, pegging the value of the trademark at $800 million.
As today's report notes, Apple purchased the European rights to the "iPad" trademark from Proview's parent company last year for just $55,000 and filed its suit against the Chinese subsidiary earlier this year with claims that the European deal also included the Chinese rights. Proview's Chinese arm has since sued Apple for $1.6 billion.
Apple purchased the European rights to the iPad name from Proview’s global parent last year for about $55,000 and filed an infringement lawsuit against the Shenzhen subsidiary six months ago, claiming the European deal also included China. While Tuesday’s reported ruling suggests China’s legal system does not agree, Apple officials did not immediately respond to a request for comment.
It is unclear exactly what the next steps will be in the dispute and whether there is an appeals process in place beyond today's ruling. Alternatively, Apple may have to continue working toward a settlement with Proview's Chinese arm or refrain from using the iPad name in China.