Craigslist Counter Sue eBay
Published May 16th, 2008
According to the court filing, in San Francisco, eBay is accused in ten distinctive counts: “unlawful and unfair competition, misappropriation of proprietary information, deceptive passing-off, business interference, false advertising, phishing attacks, free-riding, trademark infringement, trademark dilution, and breaches of fiduciary duty.”
As it follows, Craigslist is asking the court to award it punitive damages, full restitution and disgorgement of profits. Also, it asks for eBay to return its current stock to Craigslist and to completely divest itself from the site.
The lawsuit saga between the two online companies started back in April, when the online auction filed a lawsuit against Craigslist’s board of directors, meaning founder Craig Newmark and CEO Jim Buckmaster.
EBay claimed in its filing that Newmark and Buckmaster adopted measures that, among other things, unfairly diluted eBay’s economic interest in craigslist by more than 10 percent. The auction site became part of Craigslist’s in 2004, when it purchased a minority ownership interest of 28.4%.
