XPRT Hits EBay With $3.8B Trade Secrets Suit

Law360, New York (July 13, 2010, 5:43 PM EDT) -- XPRT Ventures LLC has sued eBay Inc. and its subsidiaries PayPal Inc., StubHub Inc., Bill Me Later Inc. and Shopping.com Inc. for patent infringement and trade secret theft, seeking $3.8 billion in damages on assertions that eBay unfairly stole its ideas for streamlining electronic payment systems.

In a suit filed Tuesday in the U.S. District Court for the District of Delaware, Greenwich, Conn.-based intellectual property firm XRPT claimed that its inventors shared with eBay in confidence patent applications and ideas, which the online auction giant incorporated...
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