What's At Stake in the eBay v. Craigslist Trial?

Posted by msch on Dec 3, 2009 11:48:00 PM

According to Reuters, the eBay v. Craigslist trial,

"promises to reveal the inner workings of two benchmark Web companies and bring to the witness stand two Internet pioneers: former eBay Chief Executive Meg Whitman and Craigslist founder Craig Newmark."

Bloomberg reports that Whitman will be the first to testify on Monday, December 7, followed immediately by eBay co-founder Pierre Omidyar. 

And not just intrigue, but money.  Reuters says,

Pierre Omidyar and Craig Newmark

 "At issue is eBay's minority ownership in San Francisco's Craigslist, a company that eBay says could potentially be worth several billion dollars."


The legal issues, too, are important.  According to the Delaware Corporate and Commercial Litigation Blog

"The case involves important issues of corporate law and corporate litigation arising, among other things, from board membership on, and investments by, one competitor in another competitor..." 


And, of course, there's politics. Whitman, who is vying for the Republican nomination to succeed Arnold Schwarzenegger as California's governor, has never held elected office, and is relying on her business experience to establish her leadership credentials, so the stakes could not be higher.  Also seeking the Republican gubernatorial nomination in California are Insurance Commissioner Steve Poizner and former congressional representative Tom Campbell.

So whether it be money, politics, intrigue, or just a chance to see the stars, tune in to watch CVN's webcast live starting Monday morning, or buy any highlights clips for $6 and watch the last day / closing argument highlight clips for no additional charge.

Topics: Securities, eBay v. Craigslist