eBay Patent

San Jose, CA: (Feb-28-08) MercExchange LLC brought a lawsuit against online marketplace eBay Inc., alleging patent infringement. The suit, filed in September 2001, reached resolution recently, when both parties decided to enter into a settlement agreement. As part of the settlement reached, San Jose-based eBay will purchase all three patents involved in the lawsuit with Great Falls, VA, based MercExchange, along with related technology and inventions and a license to another search-related patent portfolio that was not asserted in the lawsuit. Though details of the agreement were not disclosed, records show that in December 2007, a judge upheld an earlier verdict that eBay must pay about $30 million because its "Buy It Now" feature violates MercExchange's patent. eBay officials said that they were pleased with the settlement, which apart from resolving the litigation, gives the company access to additional intellectual property that will help improve and further secure their marketplaces. [SAN JOSE BUSINESS JOURNAL: EBAY PATENT]

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Published on Feb-29-08