The lawsuit that was filed by eBay Inc vs. Craigslist is now heading to the Delaware State courtroom and there will be a trial that would reveal the inner issues where eBay’s Meg Whitman and Craigslists’ Craig Newmark would be brought to the witness stand for their testimonies.
This trial had been delayed twice already. EBay and Craigslist are two giants of the internet industry. Ebay had pioneered the online auctions and generations over $8.5 billion in 2008 and has thousands of employees while Craigslist is a privately owned company with just a few employees and offers mostly free service for people who wants to buy and sell stuff using their online classifieds site.
Ebay’s April of last year’s law suit claims that Newmark and Jim Buckmaster had a “coercive plan” back in 2007 that decreased the percentage stake of eBay from 28.4 percent to 24.85% which falls below the 25% mark making them lose their seat on the board of Craigslist. The judge in the Delaware Chancery Court had dismissed two charges from eBay but five more counts are still in process including this case.
On the other hand, a month after eBay filed a case, Craigslist filed a separate lawsuit claiming that eBay have deceptive practices such as false advertising as well as trademark infringement. Craigslist claimed that eBay used their seat on their board to get information and launch their own website that is a competing site similar to Craigslist yet denying that it was eBay’s intention.
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