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[PSUs]| Thursday 25th May 2006 |
As we reported the lawsuit alleges that the sale of Skype to eBay was made possible by the misappropriation of the FastTrack peer-to-peer technology that Streamcast claims to own.
'We're taking action because we believe the rights to the Skype and FastTrack technologies were swept out from under our
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In addition to eBay, the lawsuit makes claims against 21 other defendants, including Skype founders Niklas Zennström and Janus Friis and adds a further allegation to all but eBay of antitrust practices.
It claims they 'profited handsomely from the sale of Skype to eBay only after they and others engaged in a conspiracy through which they, among other things, misappropriated assets and a customer base belonging to StreamCast and illegally and secretly transferred away the rights to the FastTrack technology.'
The suit was brought under the RICO (Racketeer Influenced and Corrupt Organizations) Act: legislation originally aimed at tackling the mafia. If successful, such a suit would result in treble damages: a fact not lost on StreamCast - it has increased its damage claim to more than $4bn in the amendment.
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