EBay sued for $3.8 bil­lion in scrap over pay-sys­tem pa­tents

Austin American-Statesman - - BUSINESS & PERSONAL FINANCE - Com­piled from wire re­ports

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.

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