But it was not about profit maximization, Ebay argued that actions they took were harmful to the stake Ebay owned in the company. So it was just a more typical shareholder lawsuit.
(It's unlikely that Craigslist has overtly stated that the purpose of the company is to maximize profit, so as long as Newmark controls a huge chunk of the company a lawsuit along those lines is going to be a tough hill to climb)
http://www.huffingtonpost.com/2010/09/10/craigslist-ebay-law...
But it was not about profit maximization, Ebay argued that actions they took were harmful to the stake Ebay owned in the company. So it was just a more typical shareholder lawsuit.
(It's unlikely that Craigslist has overtly stated that the purpose of the company is to maximize profit, so as long as Newmark controls a huge chunk of the company a lawsuit along those lines is going to be a tough hill to climb)