Printed from http://www.electronista.com

Proview's creditors claim iPad trademark ownership

updated 12:40 pm EST, Wed March 7, 2012

Proview now challenged by own banks

Proview faced an unusually ironic conflict Wednesday after the eight banks handling its bankruptcy argued that they, not Proview, had ownership rights in the iPad trademark dispute. The collective in a statement argued that whatever dispute existed was "essentially between Apple and the eight banks," which involved firms like China Development Bank and China Minsheng Bank. In taking Proview's assets, they understood that they also owned the trademarks.

The statement still acted on the assumption that Apple hadn't properly bought the trademarks. Apple has shown evidence, although Proview in its US lawsuit has accused Apple of 'tricking' Proview into making any kind of trademark sale.

The firm hasn't yet responded to the assertions.

Options are rapidly running out for Proview. Banks are moving to liquidate its assets and might end opportunities for it to further challenge Apple. The US lawsuit, as well as the earlier disputes, have been seen mostly as cash grabs for a company whose core display business was no longer profitable. [via Wall Street Journal]



By Electronista Staff
toggle

Comments

  1. Blairmc

    Fresh-Faced Recruit

    Joined: Sep 2003

    +1

    Fantastic

    Made my day

  1. apostle

    Junior Member

    Joined: Apr 2008

    0

    Does that mean...

    that the Banks are now going to go after Apple? I know Apple bargained in good faith and the matter should really between Proview and it's creditors/lenders. Apple could argue deception on the part of Proview. It just seems to have gotten a little more complicated.

  1. Flying Meat

    Junior Member

    Joined: Jan 2007

    +1

    So, apparently

    the notion that Proview still owned the trademark is moot since it filed a suit in the US that it had been tricked into selling it?
    If that's the case, then the banks would need to move along the same lines as the "claimed owners" OR act in the prior owner's behalf to try to argue that Apple tricked the prior owner into selling.

    Which tack? Either way, the banks aren't likely to recoup their investment as protecting corporate identity during purchasing negotiations is fairly common for high profile corporations. The owner always has the option to not sell.

    "Oh! You work for Fishy Joe's! Okay, the price is 300 times what I would have negotiated otherwise."

  1. global.philosopher

    Fresh-Faced Recruit

    Joined: Sep 2010

    0

    Will the banks go after Apple

    Well, it could be that companies like Foxconn are also BIG customers of said banks and they want the issue to go away so they can keep making iPads without any hinderance.

    This could be a good thing for Apple but it all comes down to big business and money and nothing else.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Samsung Galaxy S 5

The Samsung Galaxy S5 might be the phone that Android users have been craving for some time. Information coming out of Mobile World Co ...

STM Trust technology bag

The search for a good messenger bag that doubles as a laptop bag is something many travelers find themselves facing at least once. Bet ...

PenClic Bluetooth mouse

Windows 8 aside, computer users have been trained that a mouse is the proper way to navigate through the desktop for many years now. T ...

Sponsor

toggle

Most Commented

 
toggle

Popular News