EBay Files a stockholder Lawsuit against Craigslist

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As some of you know, eBay is a shareholder of Craigslist through a strange sell off deal with an ex-employee in 2004. The relationship between the two companies has been strained. Now eBay is claiming it is less of a shareholder and seeks to reverse the actions of CL execs.

Full details over at the NYTimes site.

 
EBay Files a stockholder Lawsuit against Craigslist
In a statement, eBay said that in January, Craigslist executives took actions that “unfairly diluted eBay’s economic interest” in the company. EBay did not specify what those actions were but said they diluted its 28.4 percent share in the company by more than 10 pe...

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