Online auction giant eBay was hit Tuesday with a $3.8 billion patent infringement lawsuit. XPRT Ventures, which holds patents covering e-commerce payments and methods, filed suit in Delaware federal court against eBay and subsidiaries, including PayPal and StubHub. The suit alleges infringement of six XPRT patents and alleges that eBay misappropriated information provided in confidence. The basis for infringement dates from 2001, when XPRT inventors applied for patents.
July 14, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Online auction giant eBay Inc. was hit with a $3.8 billion patent infringement lawsuit on Tuesday.
XPRT Ventures LLC, which holds patents covering e-commerce payments and methods, filed suit in U.S. District Court for the District of Delaware against eBay and several subsidiaries including PayPal Inc. and StubHub Inc. The suit alleges infringement of six XPRT patents covering e-commerce payment systems and that eBay misappropriated information provided in confidence.
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