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Bank One, Bank One Delaware and PayPal Dismiss Lawsuits

Monday 20 October 2003 15:03 CET | News

Bank One Corporation, Bank One Delaware, N.A. (formerly known as First USA Bank, N.A.), eBay and PayPal have announced that they have reached an agreement to their mutual satisfaction to dismiss the two lawsuits currently pending between the parties.

On September 6, 2002, Bank One Delaware filed suit against PayPal in the United States District Court, District of Delaware alleging patent infringement. On September 29, 2003, PayPal filed suit against Bank One Corporation in the United States District Court, District of Delaware alleging patent infringement. The specific terms of the agreement are confidential. eBay and PayPal do not expect the agreement to have a material impact on their results of operations or financial positions. Bank One Corp. and Bank One Delaware do not expect the agreement to have a material impact on their results of operations or financial positions.


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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce