At the close of a nearly two-week nonjury trial between Internet titans eBay Inc. and Craigslist, Chancellor William B. Chandler III hinted that the companies might consider settlement talks because a ruling from the judge could "make everyone unhappy." The trial was closely watched because it could have a profound effect on the future of both companies and the online classified market. Corporate lawyers are watching too because the case presents important questions about the rights of minority shareholders.
December 22, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
At the close of a nearly two-week nonjury trial between Internet titans eBay Inc. and Craigslist, Chancellor William B. Chandler III hinted that the companies might consider settlement talks because a ruling from the judge could “make everyone unhappy.”
In the suit, eBay is claiming that Craigslist violated Delaware corporate governance laws when it took steps to dilute eBay’s 28 percent minority stake in Craigslist in order to strip eBay of its seat on the Craigslist board.
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