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→Patent Infringement Lawsuits
In February 2002, the Initial Public Offering of PayPal was delayed due to a patent infringement lawsuit filed by [[CertCo]], a private online security and risk management company based in New York.<ref>[http://news.cnet.com/2100-1017-830235.html?tag=mncol;txt PayPal delays IPO]</ref> CertCo alleged that PayPal's electronic system infringed its patent no. 6,029,150 (Payment and Transactions in Electronic Commerce System), which was awarded by the United States Patent and Trademark Office ([[USPTO]]) on February 22, 2000.<ref>[http://www.internetnews.com/ec-news/article.php/970181/CertCo+Lawsuit+Postpones+PayPal+IPO.htm CertCo Lawsuit Postpones PayPal IPO]</ref> PayPal denied CertCo's allegations and described it a deliberate attempt to disrupt its initial public offering.<ref>[http://news.cnet.com/PayPal-Lawsuit-designed-to-delay-IPO/2110-1017_3-834040.html?tag=mncol;1n PayPal: Lawsuit designed to delay IPO]</ref> On April 2002, PayPal settled the lawsuit with CertCo. According to them the settlement agreement involved "a non-consequential payment and mutual releases." The details of the settlement agreement were not disclosed to the public.<ref>
In February 2002, the Initial Public Offering of PayPal was delayed due to a patent infringement lawsuit filed by [[CertCo]], a private online security and risk management company based in New York.<ref>[http://news.cnet.com/2100-1017-830235.html?tag=mncol;txt PayPal delays IPO]</ref> CertCo alleged that PayPal's electronic system infringed its patent no. 6,029,150 (Payment and Transactions in Electronic Commerce System), which was awarded by the United States Patent and Trademark Office ([[USPTO]]) on February 22, 2000.<ref>[http://www.internetnews.com/ec-news/article.php/970181/CertCo+Lawsuit+Postpones+PayPal+IPO.htm CertCo Lawsuit Postpones PayPal IPO]</ref> PayPal denied CertCo's allegations and described it a deliberate attempt to disrupt its initial public offering.<ref>[http://news.cnet.com/PayPal-Lawsuit-designed-to-delay-IPO/2110-1017_3-834040.html?tag=mncol;1n PayPal: Lawsuit designed to delay IPO]</ref> On April 2002, PayPal settled the lawsuit with CertCo. According to them the settlement agreement involved "a non-consequential payment and mutual releases." The details of the settlement agreement were not disclosed to the public.<ref>
[http://www.internetnews.com/bus-news/article.php/1023191/CertCo+Drops+PayPal+Patent+Suit.htm CertCo Drops PayPal Patent Suit]</ref>
[http://www.internetnews.com/bus-news/article.php/1023191/CertCo+Drops+PayPal+Patent+Suit.htm CertCo Drops PayPal Patent Suit]</ref>
A second patent infringement case was filed by Tumbleweed Communications at the US District Court of Northern California on May 2002. Tumbleweed Communications claimed that PayPal violated its electronic notification processes and document storage and retrieval patents. E-bay, the parent company of PayPal agreed to settle the legal charges under a cross licensing agreement o December of the same year.<ref>[http://www.crn.com/news/channel-programs/18840325/ebay-settles-patent-lawsuit-with-tumbleweed-communications.htm;jsessionid=CZrcnTI-iIRmXGEuXaVVUA**.ecappj03 EBay Settles Patent Lawsuit With Tumbleweed Communications]</ref>
===Class Action Lawsuit===
===Class Action Lawsuit===