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Paypal v. Google: a tawdry tale of trade secret misappropriation

Google and its poached Paypal employees got sued for trade secret misappropriation yesterday, but we didn't know the dirty details until now. A peek at PayPal's complaint reveals there's a bit more to the story. Apparently, Paypal and Google were in talks last year to use PayPal for payments in the Android Market. Osama Bedier was in charge of those negotiations for PayPal in October of 2010, when the deal was supposed to close, but was allegedly interviewing for a mobile payment position at Google at the same time (holy conflict of interest, Batman!). The complaint claims that Bedier initially rebuffed El Goog's advances, told PayPal of the job offer and professed that he would stay, but jumped ship a month later (bringing some PayPal coworkers with him) after being recruited by Stephanie Tilenius and the almighty dollar. Once it hired Osama, Google reportedly put the brakes on the PayPal deal and created Google Wallet. Then Google, Bedier, and Tilenius got slapped w...

PayPal swiftly slaps Google with mobile payment suit

Just this morning we reported on the rather jovial atmosphere at Google's big mobile payment announcement -- well, it looks like PayPal's prepared to bring an end to the celebration. According to  Bloomberg , PayPal filed a suit against Google today in a California Superior Court, alleging that former PayPal executive, and one of this morning's MCs, Osama Bedier misappropriated the company's trade secrets. The suit further fingered Stephanie Tilenius, also formerly with PayPal, of violating the terms of her contract in recruiting Bedier. Though we've yet to get our hands on any clear details about which trade secrets PayPal's pointing to, we'd say the timing speaks volumes. Bloomberg

Xbox 360 spring update coming May 19?

If you've run out of beef jerky and had your free Hulu Plus trial go bust, you're certainly not alone. Don't get bored: more bits of new hotness are coming to your console, and they're coming soon. An internal document leaked to our good friends over at  Joystiq  looks to confirm that the big Xbox 360 spring update will hit on May 19th. However, it'll come in six "separate groups" to "ensure a high quality deployment," so you might not get it until the end of the month, and everyone will have to wait until May 27th to get Avatar Kinect. What else is new? Well, there'll be the slightly larger disc format and support for PayPal, opening the door to a bold new world of personal finance information able to be hacked from your console. Joystiq