EBay Unfairly Hid Auction Bids: Sellers

Law360, New York (January 3, 2012, 4:25 PM EST) -- A putative class of consumers sued eBay Inc. on Friday in California federal court for allegedly breaching its user agreement by misrepresenting bid prices to sellers while purporting to be a neutral middleman.

Marshall Block, an Arizona-based eBay user who has sold items through the website, alleges that eBay's automatic bidding service, which allows customers to place incremental bids on an item up to an undisclosed maximum price, unfairly benefits bidders at the expense of sellers, who miss out on collecting the hidden maximum price the...
To view the full article, register now.