PayPal sues Google over Google Wallet


Just a few days from being announced at an event in New York, Google’s wireless payment system, dubbed as Google Wallet, is now taking legal heat from PayPal. PayPal filed suit against Google stating that it stole trade secrets from the payment gateway giant via a key PayPal employee that defected after talks between Google and PayPal broke down while trying to adopt PayPal as the payment system for Android. Two Google execs were named in the lawsuit, Stephanie Tilenius, Google’s VP of Commerce, and Osama Bedier, VP of Payments. Bedier was with PayPal until January of this year, and according to the lawsuit, Bedier was the senior PayPal executive accountable for leading negotiations with Google on Android, from the period of 2008 to 2011.

Google for the most part responded quickly to the allegations, stating that “Silicon Valley was built on the ability of individuals to use their knowledge and expertise to seek better employment opportunities, an idea recognized by both California law and public policy. We respect trade secrets, and will defend ourselves against these claims.”

Via: Allthingsd

Source: Paypal