eBay, Craigslist Legal Battle Heads to Court

Kara Reeder

eBay's lawsuit against Craigslist is heading to a Delaware courtroom next Monday, reports Reuters. eBay is claiming that Craigslist founder Craig Newmark and Chief Executive James Buckmaster concocted a "coercive plan" in 2007 and conducted "clandestine transactions" that diluted eBay's stake to less that 25 percent, causing it to lose its seat on Craigslist's board.

 

Meanwhile, Craigslist has filed a separate lawsuit in San Francisco Superior Court, accusing eBay of unfair competition, misappropriation of proprietary information, false advertising, trademark infringement and other deceptive practices, according to Ecommerce Journal. Craigslist says eBay abused its seat on the board to launch a competing classified advertising business, while denying that was its intention.



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