BUSINESS BRIEFING
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Craigslist, the online classified ads company, has won the first salvo in a legal battle with Internet auctioneer EBay Inc.
A Delaware judge granted summary judgment to Craigslist on claims alleging that founder Craig Newmark and Chief Executive Jim Buckmaster improperly granted themselves broad indemnification against legal liabilities in 2007.
A trial is expected to begin later this year on EBay’s claims that Newmark and Buckmaster improperly acted to dilute the minority interest of EBay.
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