Electronic information
eBay sued Craigslist online classified site diluted the interests of
In Electronic Infomation Category: R | on November 1, 2010
EBay legal proceedings, accusing online classified site Craigslist to make some changes in the Board of Directors, dilute eBays investment in the company. P>
EBay said it on Tuesday in Delaware Chancery Court to bring a lawsuit. The contents of the proceedings are confidential now, because some information about the Craigslist company are subject to confidentiality provisions limit. P>
EBay in 2004, the company acquired 28.4% stake in Craigslist. eBay Craigslist did not provide details of the Board to take action. However, eBay said, Craigslis CEO Jim Buckmaster and AD581JH datasheet and Craig Newmark, founder of a number of transactions between and AD581JH price and unfair to put eBays economic interest in Craigslist by more than 10% dilution. P>
EBay said, Buckmaster and AD581JH suppliers and Newmark does not fulfill the obligations of the trustee. eBay spokesman did not comment on this matter. P>
Craigslist spokeswoman declined to comment, saying the company will be in the company blog Tuesday night issued a statement. P>
EBay senior vice president and general counsel Mike Jacobson said in a statement, Craigslist board of directors of the recent actions taken by eBay and its investment in Craigslists negative. He said that since 2004 the negotiations with the Craigslist board of directors of our investments, we have been active in public trust and its board of directors as a minority shareholder. Therefore, we take them to these recent unilateral actions by surprise. P>