PayPal, Inc.'s road to its Initial Public Offering (IPO) was rocky and strew with problems. It postponed it offering just the day before it was scheduled due to a lawsuit filed and many felt that its price would suffer as the result of decisions by Louisiana claiming that PayPal was violating banking laws.
The offering was postponed because of a lawsuit filed by privately held online security firm CertCo, charging PayPal with patent infringement. CertCo claimed that the PayPal system violated its patent for a method for making payment and transactions in an electronic payment system. …
