Friday, May 27, 2011

PayPal sues Google for stealing employees and trade secrets - May. 27, 2011

PayPal sues Google for stealing employees and trade secrets - May. 27, 2011


NEW YORK (CNNMoney) -- PayPal is suing Google for allegedly stealing its employees and trade secrets that may have led to the launch of Google's mobile payment service.




The 28-page lawsuit, filed in a superior court in San Jose, Calif., late Thursday, accuses Google (GOOG, Fortune 500) and two former PayPal employees who now work at Google of implementing PayPal's confidential trade secrets related to mobile payment technology.

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