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Old 05-02-2008, 04:07 PM   #1
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Details Surface on eBay, Craigslist Lawsuit

EBay and Craigslist have been partners since late 1999 when eBay purchased an unspecified amount of stock that represented a 28.4% stake in Craigslist. DailyTech reported last week that eBay filed suit against Craigslist for taking actions that diluted eBay’s holdings in the company.

According to the suit, eBay and defendants Craig Newmark and James Buckmaster are the only holders of stock in Craigslist. The court documents allege that Newmark and Buckmaster breached their fiduciary duties by implementing self-dealing transactions to benefit themselves and harm eBay.

DailyTech - Details Surface on eBay, Craigslist Lawsuit
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Old 05-02-2008, 04:20 PM   #2
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Re: Details Surface on eBay, Craigslist Lawsuit

Fiduciary sounds dirty.

"Dear Dr. Ruth, my boyfriend says he wants me to do fiduciary things to him. Is it bad for you?" Signed "Candi".
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Old 05-02-2008, 07:21 PM   #3
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Re: Details Surface on eBay, Craigslist Lawsuit

M$. Hurry up and hire these two, they fit your mold for management material.
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