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Intellectual Property Analysis of XPRT Online Auction and Payment Patents Referenced in eBay Lawsuit

This week’s Patently Obvious report focuses on the patent holdings of XPRT Ventures. On July 13, 2010, XPRT Ventures, LLC filed a lawsuit against eBay, Inc., PayPal, Inc., Bill Me Later, Inc., Shopping.com, Inc. and StubHub, Inc., alleging that these companies had infringed six XPRT patents pertaining to online auction and payment methods.

According to the complaint, XPRT asserts that eBay stole information shared in confidence by XPRT and integrated it into its own payment systems. XPRT is demanding at least $3.8 billion in monetary damages, in addition to treble damages.

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Intellectual Property Analysis of Visa, Inc.

This week’s Patently Obvious report focuses on the patent holdings of Visa, Inc. With the Wall Street Reform and Consumer Protection Act recently signed into law on July 21, 2010, major credit card companies have found themselves the recipients of new financial regulatory restrictions due to the Durbin amendment.

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