PayPal Sues Google, Accusing It Of Swiping Trade Secrets, Poaching Employees

PayPal Inc. is suing Google and two of its executives — accusing them of stealing trade secrets and poaching employees — in a move that ups the stakes as the two companies vie for a piece of the fast-growing mobile payments market.
The suit, filed in a Santa Clara County federal court, came hours after Google unveiled a new service, called Google Wallet, that will allow consumers to pay by simply tapping their smart phones at the checkout counter.
PayPal and its parent company, Ebay Inc., accuse two former employees, Osama Bedier and Stephanie Tilenius, of swiping valuable intellectual property related to mobile payment technology when they left to go to work for Google.
Bedier was formerly PayPal’s vice president of platform, mobile and new ventures before Google hired him earlier this year as its new vice president of mobile payments. Tilenius, now Google’s vice president of commerce, headed various sections of EBay until 2009.
Bedier, the suit alleges, “misappropriated PayPal trade secrets by disclosing them within Google and to major (more…)











