Apple Might Lose A $1.6 Billion Lawsuit For Using The Word 'iPad'

Apple Might Lose A $1.6 Billion Lawsuit For Using The Word 'iPad'

WWW.BUSINESSINSIDER.COM - China-based company IP Application Development is suing Apple for $1.6 billion and an apology for alleged infringement on 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…

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