M·CAM, Inc. releases Patently Obvious™ report on XPRT Online Auction and Payment Patents Referenced in eBay Lawsuit

Date:  Fri, 2010-07-16

M·CAM, Inc. releases Patently Obvious™ report on XPRT Online Auction and Payment Patents Referenced in eBay Lawsuit

Charlottesville, VA – July 16, 2010 –– M·CAM, Inc. released its Patently Obvious™ report today 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. This report focuses on patents of interest which predate and are concurrent to the XPRT patents, including public–domain alternatives.

The patents discussed in this report describe online auction and payment systems.

M·CAM’s Patently Obvious™ is a weekly report providing visibility into potentially unconsidered alternatives, including art in the public domain, to patent holdings across a variety of technology areas.

M·CAM, Inc. is a global, full–service intellectual property and rights (IP&R) and intangible asset financial services firm. We provide the technical and financial systems that allow public and private markets to use IP&R and IA for regulated transactions in banking, securities, insurance, and public innovation investment and technology procurement. From our pioneering work in creating the world’s first standards–based innovation collateralization financial products for banking and securities to our work in grassroots innovator enablement and patent quality assurance programs, M·CAM provides the mechanism to balance the interests of public and commercial sectors to support and build thriving economies.

The M·CAM Patently Obvious™ report on the XPRT patents can be found HERE