Connecticut-based Company, XPRT Ventures LLC, sues eBay and its Affiliates over PayPal Patent
XPRT Ventures LLC, a Connecticut-based company, sued eBay, Inc. for at least $3.8 billion when it accused the online auctioneer and retailer of infringing six patents to develop lucrative payment systems. According to the complaint, eBay allegedly stole information that was shared in confidence by the inventors of XPRT's own patents and incorporated certain confidential information into its own payment systems, PayPal Pay Later and PayPal Buyer Credit. Steven Moore, XPRT's attorney stated in an interview that this case involves issues of trade secret theft and sheer patent infringement. In addition to $3.8 billion in monetary damages the Connecticut company is also seeking treble damages, resulting from the "willful and malicious conduct" of eBay and punitive damages and other remedies. eBay affiliates PayPal, Bill Me Later, Shopping.com and StubHub were also names as defendants in the suit. You can read more details of this suit at eBay sued for $3.8 billion in patent infringement case.
A patent holder has the ability to prevent others from making commercial use of his or his inventions without consent. If you live in the Jacksonville, Florida or Orlando, Florida and need legal representation in your patent infringement case, contact a Florida Patent Law Attorney.
