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Friday, 27 May 2011 - EBay and PayPal sue Google over trade secrets |
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    Edition: U.S. Article Comments (2) Follow Reuters Facebook Twitter RSS YouTube Read Joplin tornado chaos leaves hundreds still missing | 26 May 2011 Boyfriend says Casey Anthony never told him of abuse 26 May 2011 Clinton in Pakistan, presses for more to quash 1:06am EDT Hundreds still missing in tornado-hit Missouri city 26 May 2011 EBay and PayPal sue Google over trade secrets 26 May 2011 Discussed 128 As hours tick by, ”Judgment Day” looks a dud 105 Broadcaster silent as Judgment Day hours tick by 94 Obama departs for Europe trip, explores Irish roots Watched Scientists revive ancient spider in stunning 3D detail Tue, May 24 2011 Hundreds missing after tornado 2:40am EDT Paying by phone not credit card Thu, May 26 2011 EBay and PayPal sue Google over trade secrets Tweet Share this By Yinka Adegoke NEW YORK (Reuters) - EBay and its online payment unit, PayPal Inc, on Thursday sued Google Inc and two executives for stealing trade secrets related to mobile payment systems. The two executives, Osama Bedier and Stephanie... Email Print Related News Google takes wraps off pay-by-phone system Thu, May 26 2011 UPDATE 4-Google takes wraps off pay-by-phone system Thu, May 26 2011 Alipay gets licence to set up e-payment system Thu, May 26 2011 Yahoo says makes headway in Alibaba talks Wed, May 25 2011 Google to unveil mobile payments Thursday-source Wed, May 25 2011 Analysis & Opinion Tech wrap: Microsoft backs Ballmer Why clearXchange is great for payments Related Topics Technology » Media » The Google logo is seen on a door at the company's office in Tel Aviv January 26, 2011. Credit: Reuters/Baz Ratner By Yinka Adegoke NEW YORK | Thu May 26, 2011 10:50pm EDT NEW YORK (Reuters) - EBay and its online payment unit, PayPal Inc, on Thursday sued Google Inc and two executives for stealing trade secrets related to mobile payment systems. The two executives, Osama Bedier and Stephanie Tilenius, were formerly with PayPal and led the launch on Thursday of Google's own mobile payment system in partnership with MasterCard, Citigroup and phone company Sprint. The suit highlights the growing battle by a wide range of companies from traditional finance to Silicon Valley trying to take a major stake in what has been described as a $1 trillion opportunity in mobile payments. The mobile phone is seen as the digital personal wallet of the future. The eBay suit said Bedier worked for nine years at PayPal, most recently serving as vice president of platform, mobile and new ventures. He joined Google on January 24 this year. Tilenius was at eBay from 2001 to October 2009 and served as a consultant to the company until March 2010. The suit says Tilenius joined Google in February 2010 as vice president of e-commerce. Bedier is accused in the suit of having "misappropriated PayPal trade secrets by disclosing them within Google and to major retailers." The suit accused Tilenius of recruiting Bedier, thereby breaking a contractual agreement with eBay. It also claims Bedier attempted to recruit former colleagues still at PayPal. Ebay said PayPal and Google worked closely together for three years until this year on developing a commercial deal where PayPal would serve as a payment option for mobile application purchases on Google's Android phones. It said Bedier was the senior PayPal executive leading and finalizing negotiations with Google on Android during this period. It also claimed Bedier transferred up-to-date versions of documents outlining PayPal's mobile payment strategies to his non-PayPal computer just days before leaving PayPal for Google. "By hiring Bedier, with his trade secret knowledge of PayPal's plans and understanding of Google's weaknesses as viewed by the industry leader (PayPal), Google bought the most comprehensive and sophisticated critique of its own problems available," the suit said. Google spokesman Aaron Zamost said the company had not yet received a copy of the complaint would not be able to comment until it has had a chance to review it. Google and PayPal have done battle in the recent past in online payments via computers with the launch of Google Checkout in 2006, but Checkout has had a minimal impact on PayPal's market dominance. The suit was filed at Superior Court of the State of California, county of Santa Clara, Case No: CV20l863. (Reporting by Yinka Adegoke, additional reporting by Jennifer Saba; Editing by Gary Hill, Bernard Orr and Matt Driskill) Technology Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (2) THeRmoNukE wrote: *making popcorns* May 26, 2011 9:56pm EDT  --  Report as abuse kaosu wrote: @THeRmoNukE with butter please. May 26, 2011 10:35pm EDT  --  Report as abuse See All Comments » Add Your Comment Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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