EBay Investor's Antitrust Suit Over Board Member Tossed

Law360, New York (September 2, 2011, 4:11 PM EDT) -- A Delaware federal judge on Friday dismissed an investor's consolidated suit claiming eBay Inc.'s board violated antitrust laws by renominating a director who also sat on the New York Times Co.'s board, thereby representing a business that allegedly competes with eBay for classifieds.

Investor Robert F. Booth's lawsuit, filed in May 2010 and subsequently consolidated with a related complaint, failed to allege that eBay's board knowingly and intentionally violated Section 8 of the Clayton Act — which bars individuals from serving on the boards of competing...
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