eBay and mercExchange settle their differences
by Andrew Redfern @ 29th February 2008 11:12 am
In a short press release Internet auction giants eBay have announced a settlement with mercExchange which see the California based company buy the three disputed patents.
eBay Inc. announced today that it has agreed to a settlement with MercExchange, L.L.C. to dismiss all claims and appeals stemming from the patent lawsuit filed by MercExchange in September of 2001. eBay Inc. and MercExchange had been engaged in litigation over MercExchange’s patents and eBay’s online auctions and fixed price-related ecommerce operations.
As part of the settlement, eBay will purchase all three patents involved in the lawsuit, as well as some additional related technology and inventions and a license to another search-related patent portfolio that was not asserted in the lawsuit. These assets will allow eBay to further enhance its operations and trust and safety efforts on its ecommerce sites.
“We’re pleased to have been able to reach a settlement with MercExchange,” said Mike Jacobson, eBay Senior Vice President and General Counsel. “In addition to resolving the litigation, this settlement gives us access to additional intellectual property that will help improve and further secure our marketplaces.”.
Other Related Stories That May Be Of Interest:
- Microsoft, Google, & Yahoo! settle on promotion of gambling
- EBay to cut jobs
- EBay announce major changes to their listing process.
- eBay announces it’s own affiliate network
- Tiffany appeals eBay counterfeit ruling
- Reuters report eBay will ban ivory sales following pressure from IFAW
- eBay opens up to 3rd party developers
- eBay video game systems sales reaches $330m
- eBay seller sues over negative feedback.
- Friendster Adds Fourth Social Networking Patent
Hit Search RSS Feed