Craigslist sues eBay, alleges corporate spy plan.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden : Online classifieds leader Craigslist.com filed a countersuit coun·ter·sue tr.v. coun·ter·sued, coun·ter·su·ing, coun·ter·sues Law To bring proceedings against (a plaintiff) in direct opposition to a suit brought against onself. on Tuesday against business rival eBay Inc, alleging eBay used its minority stake in Craigslist to steal its corporate trade secrets. In a lawsuit filed in California Superior Court in San Francisco, Craigslist challenged allegations in an eBay suit filed in Delaware state court in April that accused Craigslist of discriminating against eBay as a shareholder. EBay s suit in Delaware Chancery Court The Chancery Court of York is an ecclesiastical court for the Province of York of the Church of England. The presiding officer, the Official Principal and Auditor, has been the same person as the Dean of the Arches since the nineteenth century . charged Craigslist had used "clandestine meetings" to dilute eBay s 28.4 percent stake in Craigslist to 24.85, or less than a quarter of the company. In addition to unfair competition and fraudulent business claims, the countersuit accuses eBay of copyright infringement Noun 1. copyright infringement - a violation of the rights secured by a copyright infringement of copyright plagiarisation, plagiarization, piracy, plagiarism - the act of plagiarizing; taking someone's words or ideas as if they were your own and using misleading advertising on Google Inc to run ads for its rival Kijiji site that appeared to be Craigslist ads. The lawsuit demands that eBay restore all shares of Craigslist owned by eBay or for the court to require eBay to divest its holdings in Craigslist. The suit asks eBay to disgorge profits tied to the business and for punitive damages Monetary compensation awarded to an injured party that goes beyond that which is necessary to compensate the individual for losses and that is intended to punish the wrongdoer. . EBay spokeswoman Kim Rubey responded to Craigslist s lawsuit against eBay, saying: "We regret that Craigslist felt compelled to resort to unfounded and unsubstantiated claims in order to divert attention from actions by Craigslist s board that unfairly diluted our minority interest." EBay, the world leader in online auctions and payment services, took a minority ownership stake in Craigslist nearly four years ago as part of a strategy to buy up classified advertising services both in the United States and Europe. In 2004, eBay began to expand into the market through the acquisition of online classified businesses Marktplaats and later, LoQuo and Gumtree. In 2005, eBay launched its own free online classifieds site named Kijiji in nearly a dozen markets in Europe and Asia. A year ago, it entered the United States. Craigslist and eBay grew out of the same early rush to create Web businesses in Silicon Valley in the mid-1990s. But their paths quickly diverged as eBay went on to dominate online auction markets, becoming a multibillion company, while Craigslist stayed true to its uncommercial un·com·mer·cial adj. 1. Not engaged in or involving trade or commerce. 2. Not in accord with the spirit or methods of commerce. 3. Uneconomical. Adj. 1. ethic by not charging for most of its local listings. [c] Muscat Muscat, Maskat, or Masqat (all: mŭs`kăt, mŭs`kət), city (1993 pop. 533,774), capital of Oman, SE Arabia, on the Gulf of Oman. It is flanked by rugged mountains. Press and Publishing House SAOC SAOC Studies in Ancient Oriental Civilization SAOC Sunbeam Alpine Owners Club (UK) SAOC Sector Air Operations Center SAOC South African Orchid Council SAOC Submariners Association Of Canada (Gloucester, ON, Canada) 2008 Provided by Syndigate.info an Albawaba.com company |
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