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eBay Domestic Holdings, Inc. v. Newmark
Citation:16 A.3d 1 (Del. Ch. 2010)
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- The Brief Prologue provides necessary case brief introductory information and includes:
- Topic: Identifies the topic of law and where this case fits within your course outline.
- Parties: Identifies the cast of characters involved in the case.
- Procedural Posture & History: Shares the case history with how lower courts have ruled on the matter.
- Case Key Terms, Acts, Doctrines, etc.: A case specific Legal Term Dictionary.
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- Facts: What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case. Review the Facts of this case here:
Newmark and Buckmaster, majority shareholders of craigslist, implemented a voting agreement aimed to maintain the corporation‘s community-service focus beyond their lifetimes. The agreement was designed to prevent their heirs from selling shares to eBay, who they feared would lead the corporation away from this community-focus. eBay, as minority shareholder, brought suit against Newmark and Buckmaster, claiming the voting agreement violated their fiduciary duty owed to the corporation.
- Issue(s): Lists the Questions of Law that are raised by the Facts of the case.
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