Posted inLawsuits Settlements
Apple and Amazon Urged to Reach Settlement
Think of this as a teaser for a heavyweight match that will take place in a few months. A judge has ordered that Apple and Amazon attempt to reach a...

Apple has agreed to pay a $60 million to a Chinese company to settle a lawsuit over the iPad trademark. Proview Technology will receive a small fraction of their original asking price of $400 million, which might help them recover from the fringe of insolvency. Certainly not a bad pay day. Although the technological terror that is Apple Inc. has plenty of money to throw around, I hope somebody lost their job for over-looking the fact that they trademarked the word “iPad” in every country except the largest one in the world. More details and analysis after the jump.