The Delaware Court of Chancery, in Georgetown, Delaware, is playing host to a wild one. Courtroom View Network is now providing live coverage of eBay v. Craigslist, otherwise known as eBay Domestic Holdings, Inc. v. Craig Newmark. California online mainstays eBay and Craiglist are involved in a bi-coastal battle over director voting rights and the alleged theft of confidential information. In a nutshell, eBay claims that Craiglist's directors unfairly diluted eBay's 28.4 percent minority shareholder stake in Craigslist and eliminated eBay's right to appoint a director. In another lawsuit filed in San Francisco, Craigslist claimed that eBay used its shareholder position to obtain confidential competitive information to gain an unfair commercial advantage in developing eBay's own competing online classified ad business, kijiji.com.
Courtroom View Network is providing free access to a sample clip of cross-examination of Meg Whitman, the former CEO of eBay. Other media outlets have more Craigslist, eBay Face Off in Closely Watched Trial (December 8, 2009) www.law.com.of the opening day of trial. See, e.g., Shannon P. Duffy,
True, it's not a class action, but this is complex litigation at its best. Two cyber-goliaths trying to strangle each other on opposite sides of the country is too good to pass up. I just don't know who to root for.