China Court: Apple To Pay $60M To Settle iPad Case

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Updated: 7/02/2012 11:46 am
(AP) - A Chinese court says Apple has agreed to pay a local company $60 million to settle a dispute over ownership of the iPad name.

The Guangdong High People's Court said Monday that Apple and Proview Technology reached the settlement through mediation.

The court said that ended the legal case.

The settlement ends a potential legal complication to selling the popular iPad in China, one of Apple's most important markets.
   

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