Apple agreed to pay $60 million to electronics company Proview to continue using the iPad name in China.
The Guangdong High People’s Court said the case had been settled and that Apple had transferred the money into the court’s account, according to the Associated Press.
(It) said that Apple had used a smaller firm to purchase the trademark from Proview’s Taiwanese affiliate — something that is standard practice in the industry. Proview said both that its Chinese branch should not be bound by its affiliate’s agreement and that it was not clear that the trademark would be used to brand an electronics product. . . . In December, a Chinese court said Proview should not be bound by that sale.