Overstock's Suit Over Short Selling To Proceed To Trial

Law360, New York (March 8, 2006, 12:00 AM EST) -- A lawsuit brought by Internet retailer Overstock.com against a hedge fund and a research firm that allegedly conspired to drive down its stock price will proceed, after a judge denied a motion to dismiss the suit.

Research analysts Gradient Analytics Inc. and hedge fund Rocker Partners asked that the suit be dismissed on the grounds that it violated Anti-Strategic Litigation Against Public Participation (SLAAP) statutes, which protect public statements from unfair litigation.

Generally SLAAP statutes only apply in cases where the rights of those petitioning the...
To view the full article, register now.