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Intellectual Property Law

: The Trade Secrets Vault

EBay Sued for $3.8 Billion Over XPRT Payment Patents

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By Victoria Slind-Flor EBay Inc., the most-visited U.S. e-commerce site, and units including PayPal Inc. were sued by XPRT Ventures LLC for $3.8 billion over claims the online retailer infringed patents related to e-commerce payment systems. EBay infringed six patents for online payments and stole trade secrets by sharing information in a patent application despite a confidentiality agreement, Greenwich, Connecticut- based XPRT said yesterday in a complaint in U.S. District Court in Wilmington, Delaware. To read the complete article from Bloomberg, please click here.

Full post as published by The Trade Secrets Vault on July 15, 2010 (boomark / email).

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