eBay Inc. has agreed to a settlement with MercExchange, LLC 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 MercExchangeâ€™s patents and eBayâ€™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.
Further terms of the settlement are confidential and were not disclosed.
Originally posted on February 28, 2008 @ 1:35 pm