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Paypal, Ebay Sue Google, Google Kind Of Flinches

Breach of contract, trade secret violations, and unfair biz practices- oh my!

| Business, Financial & Legal News | Posted: May 27, 2011 9:40 pm

Hours after Google unveiled their new "Google Wallet" mobile payment system, both online auction site eBay and online payment provider PayPal slapped the Search Giant, as well as former PayPal employees like Osama Bedier with a lawsuit alleging the theft of trade secrets. The court filing reportedly alleged the following on Thursday evening:

 

By hiring Bedier, with his trade secret knowledge of PayPal's plans and understanding of Google's weaknesses as viewed by the industry leader, Google bought the most comprehensive and sophisticated critique of its own problems available. Google put Bedier in charge of its mobile payment business, virtually ensuring that Bedier would misappropriate PayPal's trade secrets concerning planning and competitive assessments in mobile payment.

TweakTown image news/1/9/19793_150_paypal_ebay_sue_google_google_kind_of_flinches.jpg

 

Bedier had evidently been drawn to Google at the behest of a Stephanie Telenious, a former eBay executive herself. When a former executive of a company that used to exclusively utilize a payments service from a company of which said executive lures to her current company of employment just in time to launch a service in the exact same domain- yeah, that's pretty dodgy guys, not going to lie. As a result, Google, Bedier, and Telenious have been named as defendants, accused of misappropriation of trade secrets, breach of contract and unfair business practices.

 

I know there's a lot of lawsuit trolling that goes on in Silicon Valley, but this one looks pretty incriminating on paper. Google has yet to comment on the allegations.

 

NEWS SOURCE
News.yahoo.com

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