XPRT Ventures

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EBay sued for $3.8B-plus in patent case

EBay Inc. was sued for at least $3.8 billion Tuesday by a Connecticut company that accused the online auctioneer and retailer of infringing six patents to develop lucrative payment systems such as PayPal.

According to the complaint filed Tuesday by XPRT Ventures LLC in the federal court in Delaware, eBay allegedly stole information shared in confidence by the inventors on XPRT’s  patents and incorporated it into features in its own payment systems, such as PayPal Pay Later and PayPal Buyer Credit. Get the full story »