EBay faces $3.8 billion suit over online payment patents

07/14/2010 | Bloomberg

EBay is being sued for $3.8 billion by XPRT Ventures amid allegations that the online-auction giant infringed XPRT's online payment patents. The suit alleges that eBay "unfairly stole the idea and method of payment" used in PayPal technology, and that eBay used XPRT's ideas to save millions of dollars in credit card merchant fees.

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