EBay sued for $3.8 billion in scrap over pay-system patents
Internet auction site eBay Inc. is being sued for $3.8 billion amid accusations that it infringed on patents held by XPRT Ventures LLC for its payment systems.
XPRT Ventures, which represents holders of the patents, sued eBay and its subsidiaries: PayPal Inc., Bill Me Later Inc., Shopping.com Inc. and StubHub Inc. Greenwich, Conn.-based XPRT accuses eBay of violating six patents that let shoppers make purchases online using alternative forms of payment instead of their credit cards, among other processes.
EBay did not immediately return a call for comment. XPRT’s attorneys say the patent holders aren’t seeking an injunction but want to be “fairly compensated” for their ideas.