February 11, 2002 9:00 AM PST
PayPal: Lawsuit designed to delay IPO
In a filing with the Securities and Exchange Commission, PayPal called the lawsuit a deliberate attempt to "disrupt our initial public offering." The company also said its response to the lawsuit denies the claim, on the grounds that CertCo's patent was issued two years ago, and PayPal started offering its service for more than two years ago.
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