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EcommerceBytes-NewsFlash, Number 589 - August 12, 2003 - ISSN 1539-5065    1 of 3

eBay to Appeal Jury Verdict in Patent Trial

By Ina Steiner
EcommerceBytes.com
August 12, 2003




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eBay intends to appeal the $29.5 million judgment against it in the MercExchange lawsuit ruling, according to financial filings with the Securities and Exchange Commission.

MercExchange LLC sued eBay in September 2001, declaring its founder Tom Woolston began applying for online-auction related patents in the spring of 1995, about 5 months before Pierre Omidyar launched the original eBay Web site. In May, a federal jury in Virginia found eBay guilty of patent infringement and ordered eBay to pay $35 million in damages. The judge reduced the damages to $29.5 million in his post-trial motions ruling.

eBay also amended its second quarter 2003 results to reflect an operating charge in the amount of $30 million and the related tax benefit of $12.1 million.

About the author:

Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com.

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