Archive for May, 2008
eBay publicized the complaint it recently filed against Craigslist in Delaware’s Couty of Chancery. It’s all about the lucrative listings market.
A public copy of the eBay complaint, edited to redact certain portions at the request of Craigslist, became available Wednesday. “eBay…takes no position at this time on the propriety of any of Defendants’ redactions,” eBay said of those edits.
eBay claimed the two directors for Craigslist, Jim Buckmaster and Craig Newmark, made certain transactions that benefited them to eBay’s detriment. The actual numbers regarding the number of shares and percentages have been redacted out of the complaint.
As part of the agreement that delivered part of Craigslist to eBay, any competitive activity by either side would cause that side to lose certain rights. With eBay bringing its Kijiji listings site to the United States, it seems Craigslist considered this competitive activity.
