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E-Bay under Attack on Patents
A US company, XPRT Ventures (based in Connecticut), alleged PayPal transaction system knowingly incorporated XPRT's e-commerce online payment technology into 2003 US patents filed by E-bay, Paypal's parent company (since Paypal was acquired in 2002 by E-Bay $1.5bn acquisition). Accordingly, XPRT Ventures has served PayPal parent company eBay this week with a $3.8 billion US lawsuit in Delaware federal district court. The complaint alleges that e-Bay incorporated information shared by XPRT in confidence into 2003 e-Bay patent application for "Method and System to Automate Payment for a Commerce Transaction." This is a major concern for E-Bay considering the importance of Pay-Pal and [...]
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- Subject : Litigations - IP Field : Industrial Property