Skip to main content

NEW YORK (

TheStreet

) --

EBay

(EBAY) - Get Free Report

and

PayPal

sued

Google

(GOOG) - Get Free Report

for allegedly stealing trade secrets on Thursday, the same day the search giant unveiled its

mobile payments platform

.

PayPal's lawsuit, filed in a California court, alleges "Google Wallet" is the byproduct of intellectual theft.

In its lawsuit, PayPal, eBay's online payment unit, says Google hired Osama Bedier, Google's vice president of payments, about four months ago to help it steal trade secrets for the mobile payments system.

Bedier, who spent nine years at PayPal, is accused in the suit of having "misappropriated PayPal trade secrets by disclosing them within Google and to major retailers."

PayPal alleges Bedier stored information about PayPal's mobile payment strategy on his own computer just before he started at Google in January, according to

The Associated Press

. Also named in the suit is a former eBay executive, Stephanie Tilenius, who joined Google in 2009. She is accused of breaching a non-poaching agreement by hiring Bedier at Google.

A Google spokesman said the company wouldn't comment until it had more time to review the suit.

-- Written by Joseph Woelfel

>To contact the writer of this article, click here:

Joseph Woelfel

>To submit a news tip, send an email to:

tips@thestreet.com

.

Copyright 2011 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.