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StreamCast Sues eBay, Others for $4.1 Billion Over Rights to Skype

Authored by Mark Hefflinger on May 24, 2006 - 7:48pm.
Los Angeles - StreamCast Networks, distributors of the Morpheus peer-to-peer file-sharing software, has filed a lawsuit against Skype parent company eBay and 21 other defendants, claiming it had first rights to the Internet telephone technology and seeking over $4.1 billion in damages. The FastTrack technology on which Skype is based was developed by the original creators of rival file-swapping software Kazaa, who are also named as defendants. The technology behind Skype, along with the company and its nearly 100 million users, was acquired by eBay in 2005 for $2.6 billion. "Many of the defendants engaged in a conspiracy and shut Morpheus out of the FastTrack P2P market and failed to honor an agreement with StreamCast that it had the right to acquire the FastTrack technology and other assets," said StreamCast general counsel Matthew A. Neco. The suit was originally filed in January; an amended version adding eBay to the list of defendants was filed this week.
http://www.streamcastnetworks.com/05_23_06_skypelawsuit.html
http://tinyurl.com/lu4al (CNET)
http://www.skype.com

tags: Law | Lawsuits | Tech | P2P | eBay | VOIP | Skype | StreamCast | Morpheus |



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