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China-based company Proview Electronics is suing Apple for $1.6 billion and an apology for alleged infringement on use of its trademarked iPad name, reports Apple Insider.
Apple had initially bought the trademark from the company for $55,000, but the lawsuit maintains that the deal did not include rights to use the word "iPad" in China.
Here's the thing -- Chinese courts have already found in favor of Proview, but Apple is appealing the decision.
Xiao Caiyuan, a lawyer for the company, believes Apple will lose the appeal and added, "We have prepared well for a long-term legal battle."