SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 23, 2002
eBay Inc.
| Delaware | 000-24821 | 77-0430924 | ||
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| (State or other jurisdiction of incorporation |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
2145 Hamilton Avenue
San Jose, CA 95125
(408) 376-7400
| ITEM 5. OTHER EVENTS | ||||||||
| SIGNATURE | ||||||||
ITEM 5. OTHER EVENTS
On July 23, 2002, a purported class action complaint was filed in the Superior Court of the State of California for the County of Santa Clara (No. CV809663) by Pierre Biscaye, an alleged stockholder of PayPal, Inc. (“PayPal”). As previously reported by eBay Inc. (“eBay”) in its Current Reports on Form 8-K filed with the Securities and Exchange Commission on July 11, 2002 and July 12, 2002, three other purported class action complaints have been filed in the Court of Chancery in the State of Delaware in and for New Castle County and one other purported class action complaint has been filed in the Superior Court of the State of California for the County of Santa Clara by alleged stockholders of PayPal. Each of the complaints names as defendants PayPal and each member of its board of directors as well as eBay. Each of the complaints is a purported class action that alleges, among other things, that (i) eBay controls PayPal, (ii) the defendants have breached fiduciary duties they assertedly owed to PayPal’s stockholders in connection with PayPal entering into the Agreement and Plan of Merger, dated as of July 7, 2002, with eBay and Vaquita Acquisition Corp. and (iii) the merger consideration is unfair and inadequate. The plaintiffs in each lawsuit seek, among other things, an injunction against the consummation of the merger and an award of unspecified compensatory damages. eBay believes that each of the lawsuits is without merit and intends to defend itself vigorously.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: July 25, 2002 | eBay Inc. | |||
| By: | /s/ MICHAEL R. JACOBSON | |||
| Michael R. Jacobson Senior Vice President, Legal Affairs, General Counsel and Secretary |
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