Partial Wins For Both Sides In eBay v. Craigslist -- Free Clips

Posted by msch on Sep 10, 2010 10:40:00 AM

Chancellor William B Chandler 3rd in eBay v Craigslist Trial 2Chancellor William B. Chandler III, predicted last year, in urging the parties to settle their differences, that neither eBay nor Craigslist would be pleased by his ruling in the case, reportedly saying, "I have an uncanny ability to make everyone unhappy."

Nine months after the trial, which was heard December 7-17, 2009, Chancellor Chandler appears to have made good on his promise.

eBay's 28.4% stake in Craigslist, which had been diluted by Craigslist to 24.85%, is returned to its full 28.4%.

However, Craigslist prevailed in its attempt to keep eBay from sitting on its board, which was one of Craigslist's objectives in enacting the invalidated rights plan.

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Update: Link to Chancellor Chandler's opinion in eBay v. Craigslist (PDF), and be sure not to overlook footnote 23.

Topics: eBay v. Craigslist