Even though Apple opted to call its latest iPad release the new iPad rather than the iPad 3, there are still hordes of people that associate the name iPad 3 with the iOS powered slate.
A company called Global Access in Isle of Man registered the domain iPad3.com back in January 2010. Currently the site simply redirects traffic to various domain-parking services and Global Access has lost cybersquatting challenges in the past to companies such as All State, AOL, and MasterCard.
Apple has filed a complaint with the World Intellectual Property Organization to take control of the domain name under the uniform domain name dispute resolution policy. Interestingly as the report notes, Apple does not even own iPad.com, but the owner of that domain is not cybersquatting, therefore Apple would actually have to cough up a pretty penny to obtain that one.
Apple filed a similar complaint last month against the owner of iPhone5.com. That case was closed before the WIPO made a decision on that case and the domain has since been transferred to Apple's possession.
source: Domain Name Wire