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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 MacNN Staff

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Comments

  1. Blairmc

    Joined: Dec 1969

    +1

    Fantastic

    Made my day

  1. apostle

    Joined: Dec 1969

    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

    Joined: Dec 1969

    +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

    Joined: Dec 1969

    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.

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