Ebay v. Craigslist: Details Are Now Public
Ebay has released details of its complaint against Craigslist, somewhat ironically a company in which Ebay has a substantial equity stake. That equity is critical to the lawsuit, which in a nutshell is about how Craigslist responded to Ebay's entry into the classified market with their listings website called Kijiji. That response was a reorganization that effectively took away Ebay's right to have a seat on the Craigslist board due to stock dilution.
New York Times Summary
Ebay Complaint
New York Times Summary
Ebay Complaint
Labels: Craigslist, eBay, lawsuits
posted by Joseph Hunkins at 2:26 AM
1 Comments:
there doesnt seem to be much basis for this lawsuit. ebay became a competitor - and craiglist then did what it said it can do - based on their contract.
hate lawyers!
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