April 23, 2008
EBay Brings Shareholders Suit against Craigslist
EBay, which owns almost 25% of Craiglist (that it acquired from a disgruntled ex-employee or from Craigslist itself, depending on whom you ask), filed a shareholders' derivative suit in Delaware against Craigslist, saying that undisclosed actions unfairly diluted its interest. EBay said the complaint was under seal because of confidentiality restrictions. NYTimes, EBay Files a Stockholder Lawsuit Against Craigslist.
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