Deals
EBay Says Win in Delaware Craigslist Case Bars New Claims
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EBay Inc. shouldn’t have to face fraud and negligence claims by Craigslist Inc. in California because a similar case it won in Delaware upheld its minority investment rights in the online classified-ad provider, a company lawyer said.
The Delaware court’s ruling last year, which supported Ebay’s right to compete with Craigslist, precludes Craigslist from proceeding with an unfair competition and fraud lawsuit in California that seeks to strip EBay of its Craigslist shares, EBay attorney Michael Rhodes told a state court judge today in San Francisco.