Chinese Firm Demands $1.6 Billion from Apple in iPad Trademark Dispute

Apple is embroiled in a trademark suit over ownership of the iPad name, and the battle has taken a dark turn for Cook and company. Apple might have to shell out anywhere from $38 million to $1.6 billion if Chinese courts don't rule in its favor -- and it's looking like they won't.

Source: http://www.wired.com/gadgetlab/2012/02/chinese-firm-ipad-trademark/

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