Overstock To Pay $6.8M For Falsely Advertising Sale Prices

Law360, New York (February 21, 2014, 5:53 PM EST) -- A California judge ordered Internet retailer Overstock.com to pay more than $6.8 million to settle claims that it falsely advertised the original list price of its products, deceiving California customers into thinking they were getting a bigger discount, state prosecutors said Thursday.

Alameda County Superior Court Judge Wynne S. Carvill ruled Wednesday that the retailer displayed reference prices, or list prices, that were created using a formula based on prices of similar products, and not the actual product, in order to overstate the amount customers were...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.