Ebay Sued for Billions Over E-Commerce Patents

July 14, 2010  |  

(TG Daily) — Ebay has been slapped with a massive patent suit which could cost it at least $3.8 billion. XPRT Ventures of Connecticut said it shared the sixpatents – which cover online payment systems including PayPal – with eBay in confidence. The IPR holding company claims that eBay used this proprietary information to modify and incorporate PayPal into its e-commerce platform and to roll out several features incorporated into eBay’s payment systems.

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