Overstock Director Resigns

Law360, New York (February 23, 2007, 12:00 AM EST) -- An independent member of discount online shop Overstock.com’s board of directors resigned Friday, motivated by a disagreement over the Web site’s recent $3.48 billion lawsuit against a number of top U.S. brokerages.

In a four-line resignation letter, John A. Fisher praised Overstock.com Inc. CEO Patrick M. Byrne and said a disagreement over the lawsuit was behind his move.

“Patrick, you have been a brilliant CEO, leading Overstock through tremendous growth,” Fisher’s letter said. “It has been an honor to work with you and the current and...
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