Wednesday, April 26, 2006

eBay SEC filing of 25 April suggests Sup Ct decision by Q206

According to Reuters, eBay Inc. said it expected a U.S. Supreme Court decision on the patent infringement suit filed by MercExchange to be rendered in the second quarter this year, according to a regulatory filing with the SEC on Tuesday, April 25, 2006.

"Even if successful, our litigation of these matters will continue to be costly," eBay said in the filing. But it added that it had taken "appropriate" legal reserves for the suit.

"If we are not successful in appealing or modifying the court's ruling ... we would likely be forced to pay significant damages," the company said.

The Reuters report did NOT mention that the U.S. government (Office of the Solicitor) had taken a position AGAINST eBay, making it less likely that eBay would prevail at the Supreme Court. Current wisdom has suggested that eBay will lose by a vote of at least 7-2 at the Court.

[IPBiz post 1508]


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