BUSINESS BRIEFING
Times Wire Reports
Craigslist, the online classified ads company, has won the first salvo in a legal battle with Internet auctioneer EBay Inc.
A Delaware judge granted summary judgment to Craigslist on claims alleging that founder Craig Newmark and Chief Executive Jim Buckmaster improperly granted themselves broad indemnification against legal liabilities in 2007.
A trial is expected to begin later this year on EBay’s claims that Newmark and Buckmaster improperly acted to dilute the minority interest of EBay.
