Final Judgment Entered In EBay, MercExchange Suit

Law360, New York (December 12, 2007, 12:00 AM EST) -- A final judgment against eBay Inc. has been entered in the long-running dispute between the online auctioneer and MercExchange LLC over a patent related to eBay's “Buy it Now” feature.

Judge Jerome B. Friedman of the U.S. District Court for the District of Eastern Virginia issued the order late Tuesday, noting that no just reason for further delay exists. The amount of the judgment is approximately $30 million, according to a statement released by MercExchange.

In 2003, a jury found that eBay's “Buy it Now” feature,...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.