updated 11:45 am EDT, Mon July 23, 2012
Proview insists immediate payback isn't necessary
The legal agency which represented Proview in its recently-settled lawsuit with Apple, Grandall Law Firm, is now suing its former client, reports say. Grandall says that Proview has failed to pay a promised 4 percent of Apple's payout, which translates to about $2.4 million. Apple settled with Proview for $60 million in order to secure use of the iPad trademark in mainland China.
Proview founder Yang Rongshan has acknowledged a contractual obligation to Grandall, but says that the firm's actions are "nonsense." He argues that Proview isn't obligated to pay back the money immediately, as the company isn't operating under normal conditions. It's currently in the middle of bankruptcy proceedings; the money from the Apple lawsuit is expected to help pay off creditors.