Volume VII

Issue : 19: December 17, 2009

• Privacy Complaint of Transit Driver Regarding the Collection of Information Rejected
• eBay and Craigslist Fight in Court to Resolve Shareholder Issues
• Apple and Psystar Reach Agreement over Copyright Dispute
• Canadian Copyright Law to Trump ACTA
• Canadian Recording Industry Faces Copyright Infringement Class Action
• Single European Patent Looming on the Horizon
• Apple Answers Nokia with own Smartphone Patent Claims
• Apple Faces Patent Infringement Suit over iPhone

Home > Volume VII > Issue 19: December 17, 2009 > eBay and Craigslist Fight in Court to Resolve Shareholder Issues

eBay and Craigslist Fight in Court to Resolve Shareholder Issues

Goliath on Goliath? “Old Internet” money v. “New Internet” money? Take your pick. The trial of a much delayed suit by online auction giant eBay against online classifieds giant Craigslist, Inc. and some of its board members has commenced in a Delaware court. In its April 2008 suit, eBay alleges Craigslist took steps to unfairly dilute eBay’s minority shareholder interest. eBay claimed that founder Craig Newmark and Chief Executive James Buckmaster hatched a "coercive plan" in 2007 and conducted "clandestine transactions" that diluted eBay's stake to 24.85 percent from 28.4 percent. The trial is expected to bring to light the business dealings of the two very different Internet giants.

Craigslist has counterclaimed that eBay misused confidential information to help develop the competing Kijiji service.

For additional information, visit:

http://tinyurl.com/ygtl87g

http://abcnews.go.com/Business/wireStory?id=9353044 http://tinyurl.com/ycoqp9h