EBay Claims Win in 2008 Craigslist Suit

[IDG] A Delaware court has ruled in favor of eBay in its 2008 lawsuit against Jim Buckmaster and Craig Newmark, majority shareholders of Craigslist, eBay said Thursday.EBay acquired a minority stake in Craigslist in 2004, but in 2008 it sued Buckmaster and Newmark, charging that they had engaged in transactions that benefited themselves at the expense of eBay. Buckmaster is the CEO of Craigslist and Newmark is its founder. They called the lawsuit “unethical” in a blog post in 2008.
http://www.pcworld.com/businesscenter/article/205216/.htmlAlso see:Ebay wins lawsuit against Craigslist
Ebay has prevailed in a bitterly contested lawsuit against Craigslist, the online classifieds site in which the auction group owns a significant stake.In a ruling by the Delaware Court of Chancery on Thursday, Ebay won back a 3.55 per cent equity stake in Craigslist, which is privately held.
http://www.ft.com/cms/s/2/d67057d6-bc6a-11df-a42b-00144feab49a.htmlEBay stake in Craigslist restored but no board seat
A judge on Thursday reinstated eBay Inc’s 28.4 percent stake in Craigslist, but allowed the classifieds site to keep eBay off its board.The mixed ruling in Delaware’s Chancery Court gave no clear victory to either of the companies, whose relationship turned from cosy to competitive and ended up in court in 2008.
http://uk.reuters.com/article/idUKTRE68851R20100909
http://in.reuters.com/article/idINIndia-51398920100909

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