iPhone News Desk
Chinese Firm That Nailed Apple for $60 Mil Sued by Its Own Lawyers
Grandall wants the $2.4 million Proview promised or 4% of the $60 million
By: Maureen O'Gara
Jul. 30, 2012 07:00 AM
I distinctly remember marveling that a bankrupt Chinese company dragging around at least $400 million in debt owed to Chinese banks was able to afford lawyers to sue Apple when it lodged a short-lived suit against Apple in America.
Well, according to a Google translation of a Chinese-language story in Sina Tech, Grandall, the Chinese law firm, was fronting Proview Shenzhen's expenses and now it's suing Proview in China for a piece of the $60 million Apple agreed to pay to get clear ownership of the iPad trademark in China that Proview contested. Apple, of course, claimed it had already paid for the privilege.
Grandall wants the $2.4 million Proview promised or 4% of the $60 million that the Chinese court overseeing the negotiation ordered deposited in a special account to pay the banks. Proview reportedly refuses to pay the bill, calls the Grandall suit "a nonsense," and recants its alleged agreement because it's broke.
Apple released its latest iPad in China last Friday because of the settlement. China is Apple's second-largest market.
Reader Feedback: Page 1 of 1
SOA World Latest Stories
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
SYS-CON Featured Whitepapers
Most Read This Week