Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Wednesday, 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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