Lessons From EBay's Battle With Craigslist

Law360, New York (October 22, 2010, 2:52 PM EDT) -- The ongoing, brutal legal battle pitting the online classified juggernaut Craigslist Inc. against eBay Inc. recently resulted in a post-trial opinion from the Delaware Court of Chancery rescinding a rights plan, or “poison pill,” deployed by Craigslist allegedly in order to stave off eBay’s threat to Craigslist’s “corporate culture.”

The decision is the first of its kind in Delaware to examine a poison pill adopted by a privately owned company, as well as the first of its kind to examine whether the protection of a purportedly...
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