Overstock Investor Fights Suit With Fraud Claims

Law360, New York (November 13, 2007, 12:00 AM EST) -- Hedge fund Copper River Partners LP is fighting Overstock.com's short-selling suit with its own litigation, calling the discount retailer's suit a red herring designed to mask fraud and shift blame.

It sued just as it and its corporate co-defendant, stock research firm Gradient Analytics Inc., denied Overstock's allegations that the two conspired to suppress Overstock's stock price.

Copper River, formerly known as Rocker Partners LP, filed the cross-complaint Friday in a Superior Court in Marin Co., Calif., against the discount store, its chief executive Patrick Byrne...
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