EBay and Paypal Sued 3.8 Billion Dollars
July 22nd, 2010
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EBay Inc., the leading online commerce site in the United States, and PayPal Inc. sued for 3.8 billion U.S. dollars. Both sites have been accused of violating patents related XPRT Ventures LLC online commerce payment system (e-commerce).
XPRT, a company based in Greenwich, Connecticut, has filed suit to the District Court Wilmington, Delaware. In its lawsuit, pointing XPRT EBay violating six patents for online payments. In addition, the site also was accused of leaking trade secrets by distributing the information patent application.
