Friday 27 May 2011

PayPal sues Google over stolen Wallet secrets

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Google Wallet is only just official, and already it has its first lawsuit. PayPal has sprung out of the gate with accusations that Google used trade secrets gleaned from ex-PayPal employees now working on the Google Wallet project. According to the eBay-owned payments firm, ex-exec Osama Bedier took with him “intimate knowledge of PayPal’s capabilities, strategies, plans, and market intelligence” which he disclosed to Google after being recruited by Stephanie

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