Cloud Computing: Proview Sues Apple in US, Tells Ripping Good Yarn

Here we are on the cusp of the iPad 3 introduction next week and Apple, whose market cap has now passed a half-a-trillion dollar, as in trillion – finds itself in the ludicrous position of being sued by a bankrupt Chinese company on the verge of being delisted from the Hong Kong Stock Exchange over the iPad trademark. Proview may be flat broke but it seems to have money enough for lawyers and press agents and that may be because Proview’s assets including the trademark was seized by three big Chinese banks in 2009 after it defaulted on a $400 million loan. Anyway, Proview has opened a legal front in the US where it is now suing Apple in California’s Superior Court in Santa Clara for fraud and unfair competition. It figures it was snookered because Apple used a third party to buy the trademark rights, a common enough device in both the US and China, but Proview alleges fraud by intentional misrepresentation, fraud by concealment and fraudulent inducement.

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