When Steve Jobs announced the “iAd” program in April, a few people claimed they had seen that term somewhere else before. As CNET reports, Apple indeed settled a lawsuit in July over the “iAd” trademark with company innovate media, which had been using the “iAd” term since 2006 and was even granted two trademarks in 2008.
The interesting part is not the amount of the settlement (that we’ll likely never know), but rather the history behind the disclosure of this settlement. Consor, intellectual asset management company, posted a release on their website detailing how four of their clients managed to close favorable settlements over trademark lawsuits they had filed. In the release, they mentioned: “iAds, a 7-figure settlement from Apple Computer in a trademark infringement case.” Read more