Jury Finds Overstock.Com Guilty Of $3M Escheat Holdback

By Jeff Montgomery (September 21, 2018, 9:40 PM EDT) -- A Delaware jury took little more than a hour to find Overstock.com guilty of concealing nearly $3 million in abandoned gift card balances from Delaware's revenue agency, after a six-day whistleblower trial that could lead to a treble damages sanction.

The verdict late Thursday capped a five-year litigation effort by Grant & Eisenhofer PA that, in cooperation with the state Department of Justice, already had produced $25 million to $30 million in unpaid "escheat" turnovers and penalties from other retail card issuers who settled before trial.

Stuart M. Grant, who recently retired as managing director of Grant & Eisenhofer but returned...

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