EBay Overturns Craigslist Poison Pill Plan
Delaware Chancery Court Judge William B. Chandler III upheld eBay’s contention, deciding that Craigslist officers Jim Buckmaster and Craig Newmark had breached their fiduciary duties to the minority shareholder by watering down eBay's stake in the company and by unfairly blocking it from purchasing additional Craigslist shares.
The ruling overturns...
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