eBay facing $3.8 billion law suit for infringing "six patents" to develop PayPal payment system

eBay Inc. is being sued for at least $3.8 billion by XPRT Ventures LLC, Connecticut, accussing eBay of infringing on six patents to develop online payment systems such as PayPal."According to complaint filed in the U.S. district count in Delaware, eBay allegedly stole information shared in confidence by the inventors on XPRT's own patents, and […]

eBay Inc. is being sued for at least $3.8 billion by XPRT Ventures LLC, Connecticut, accussing eBay of infringing on six patents to develop online payment systems such as PayPal.

"According to complaint filed in the U.S. district count in Delaware, eBay allegedly stole information shared in confidence by the inventors on XPRT's own patents, and incorporated it into features in its own payment systems, such as PayPal Pay Later and PayPal Buyer Credit.

XPRT said that when eBay on April 30, 2003 filed a patent application titled "Method and System to Automate Payment for a Commerce Transaction," it failed to tell the U.S. Patent and Trademark Office it knew of XPRT's own patent applications.

The complaint also names eBay affiliates PayPal, Bill Me Later, Shopping.Com and StubHub as defendants. eBay didn't responded to calls and email seeking comment," Reuters said.

[Source]