China-based company Proview Electronics is suing Apple for $1.6 billion and an apology for alleged infringement for 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 Proview, but Apple is appealing the decision.
Read more: http://www.businessinsider.com/apple-ipad-lawsuit-2012-2
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