PayPal Says Google Stole 'Trade Secrets' to Create Google Wallet
Two former PayPal execs are named in the lawsuit
Yesterday, Google unveiled its new Google Wallet app. Now, eBay’s PayPal is suing Google and two of its senior executives, Osama Bedier and Stephanie Tilenius—both former PayPal employees—for allegedly stealing trade secrets that eBay was planning to use for its own wireless payment technology.
The lawsuit claims that PayPal and Google had been in negotiations for two years to create a mobile payments system together, but just as the deal was about to be finalized, Google backed out, and Tilenius (who had already defected to Google) hired the PayPal exec in charge of the negotiations, Bedier, who then convinced other PayPal employees to join him.
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