EBay, 4 Others Sued Over Online Auction Patent

Law360, New York (June 9, 2008, 12:00 AM EDT) -- Five e-commerce companies including eBay Inc. and Overstock.com Inc. are the targets of a new lawsuit accusing them of infringing a patent by offering guaranteed or bonded online auctions.

Newport Beach, Ca.-based Transauction LLC filed the lawsuit on Friday in the U.S. District Court for the Eastern District of Texas, against eBay, Overstock, Bidz.com Inc., uBid.com Holdings Inc. and WineCommune.com LLC.

Transauction is seeking treble damages, but only from eBay, which Transauction contends corresponded with the patent's inventor about purchasing the application which was issued on...
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