EBay Denies Having Monopoly Over Online Auctions

Law360, New York (August 17, 2009, 6:51 PM EDT) -- Online auction giant eBay Inc. has denied that it holds monopoly power over a defined market, moving for summary judgment in a putative antitrust class action alleging it charges sellers excessive fees.

In the U.S. District Court for the Northern District of California on Friday, eBay filed a motion for summary judgment arguing that the sellers had failed to raise a triable claim under Section Two of the Sherman Act.

The sellers did not show that eBay held monopoly power or has a "dangerous probability" of...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.