Apple threatened with $2B lawsuit in iPad dispute

From CNET News.com: Apple could find itself mired in a $2 billion lawsuit from Proview Technology in an ongoing legal battle over who owns the iPad name.

The new lawsuit would be filed in the United States and follow similar suits already launched by Proview against Apple in China.

"Right now we are selecting from three American law firms to sue Apple in the United States for $2 billion in compensation," Hejun Vanguard Group chairman Li Su said at a press conference today, according to TechCrunch and other sources. Hejun Vanguard is a consulting firm working with creditors to restructure Proview, which has been forced to file for bankruptcy.

Responding to allegations that Proview is trying to strong-arm Apple just to get out of its financial quagmire, Proview CEO Yang Rongshan defended his actions.

"We own it [the iPad trademark] in China. If you were in my position... you would try to protect your rights," Yang told reporters at the press conference, noted The Times of India.

Fighting with Apple over the iPad trademark, Proview has claimed that its own subsidiary, which sold the name to Apple years ago, didn't have the authority to do so. Proview has reportedly been looking to settle out of court over the issue but says that Apple has so far failed to respond to its requests.

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