Proview made waves a few weeks ago when it received $60 million from Apple for a trademark settlement over the name, “iPad.” The pocket change that Apple had to fork over is not what makes this a strange turn of events. It is the fact that Apple settled at all. The company is known for its bullish and headstrong lawsuits against companies when it comes to patents infringements. After the July 2 ruling, Proview was supposed to pay its lawyers 15 percent of the settlement cost. As of today, no such payment has been made.
According to Chinese language-based blog Sina Tech (translated from Google), Proview’s lawyers at Guoco Law Firm did not receive agreed upon attorney’s fees that were supposed to be paid immediately based on the contract. Attorney Xie Xianghui said that the contract was for four percent of the settlement between Apple and Proview, which amounts to approximately $2.4 million.
According to Xianghui, Gouco prepared a risk proxy contract with Proview, in which the law firm would pay upfront legal fees. With a win, the law firm was supposed to receive the owed money as soon as possible. Proview’s founder, Yang Rongshan was quoted as saying the claims against the company were “nonsense.” Although he agrees that Proview owes the money, Rongshan believes that Proview should get additional lenience because the company is not under “normal operations,” and therefore should not have to consider the lawyers’ fees a priority. He stressed that Proview will not “pass the buck.” We shall see.