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Apple (Beatles) vs. Apple (iTunes)
By Mark Evans | February 19, 2005
I stumbled across a really interesting story at LegalZoom.com, which outlines the long legal battle between Apple Computer and Apple Corp., which was created in 1968 as a tax shelter by The Beatles. Over the years, Apple Corp. has sued Apple Computer twice and been awarded more than $26-million. The biggest fight, however, is taking place now over Apple Corp.'s allegation Apple Computer has breached - through the launch of iTunes - an agreement not to package, sell or distribute any physical music materials such as CDs. Some legal experts think Apple Corp. would become a major shareholder in Apple Computer, possibly with Paul McCartney as a board member. Cool, eh!
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