EBay in September won a lawsuit claiming Craigslist created antitakeover defenses to weaken eBay’s role in the online firm.
(Paul Sakuma/Associated Press)
Judge rejects eBay bid to dismiss case
EBay in September won a lawsuit claiming Craigslist created antitakeover defenses to weaken eBay’s role in the online firm.
(Paul Sakuma/Associated Press)
SAN FRANCISCO —EBay Inc. lost a bid to dismiss Craigslist Inc.’s lawsuit claiming eBay fraudulently hid its intention to use Craiglist’s confidential information to compete with it when eBay negotiated purchasing a stake in the Internet classified company, a California judge tentatively ruled.
Judge Richard Kramer in San Francisco yesterday rejected eBay’s argument that Craiglist’s lawsuit should be dismissed because shareholder agreements with the San Francisco-based company allowed eBay to compete with it.
Kramer also rejected San Jose, Calif.-based eBay’s contention that the lawsuit was precluded by the findings of a Delaware court that eBay didn’t hide its intention to compete with Craigslist in the online classified arena.
EBay, one of the world’s most-visited e-commerce sites, in September won a lawsuit in Delaware claiming Craigslist created antitakeover defenses to weaken eBay’s role in the online classified advertising company. Craiglist’s fraud lawsuit against eBay, filed in 2008, was put on hold until the Delaware case was decided.
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