eBay Settles With MercExchange Over Patents

In a somewhat anticlimactic move, eBay and MercExchange have settled their litigation over the use of three MercExchange patents involving the "But It Now" feature on eBay.  The settlement has eBay buying the patents from MercExchange and MercExchange dismissing all claims and appeals involving the original litigation.  The case is notable for the Supreme Court ruling that injunctions are not automatic in patent infringement cases and are subject to the traditional tests of whether an injunction should issue.