Craiglist is changing the tone and trying to change the venue for a legal battle with minority shareholder eBay (NSDQ: EBAY). The online-classifieds company filed suit in California Superior Court in San Francisco today, accusing eBay of using its minority stake to steal corporate trade secrets. EBay started the legal tiff with a suit filed in Delaware Chancery Court claiming that the Craigslist board intentionally diluted its stake after the online auction company offered to buy out Craigslist.
Reuters: “Craigslist’s complaint alleges a plan by eBay to use its position as a minority shareholder in Craigslist and its position on the Craigslist board to gather competitive information that led to the launch of eBay’s rival classifieds business. The suit claims eBay code-named Kijiji its ‘Craigslist killer’ in internal strategy discussions.”
NYT: “Craigslist also charges eBay with running misleading ads on search engines that mentioned Craigslist but directed traffic to eBay properties. The company asks the court to return eBay
{"source":"https:\/\/gigaom.com\/2008\/05\/13\/419-craiglist-countersues-ebay-claiming-theft-of-corporate-secrets\/wijax\/49e8740702c6da9341d50357217fb629","varname":"wijax_cf3c1bf2542d1e627f4a834a607b5c51","title_element":"header","title_class":"widget-title","title_before":"%3Cheader%20class%3D%22widget-title%22%3E","title_after":"%3C%2Fheader%3E"}