A Delaware Chancery Court judge has ruled in favor of eBay in a shareholder suit against Craigslist and majority shareholders Jim Buckmaster and Craig Newmark.
The ruling rescinds a measure adopted by Craigslist’s board that would have blocked a potential hostile takeover by San Jose, Calif.-based eBay Inc. But in a split ruling, the decision also left in place Craigslist’s staggered board provisions, which were passed in an effort to remove eBay’s board seat.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]