Gradient “Harassed” By Overstock, Will Go To Court

Law360, New York (March 1, 2006, 12:00 AM EST) -- Under fire from the U.S. Securities and Exchange Commission in an ongoing regulatory investigation, stock research company Gradient Analytics Inc. has finally broken its tight-lipped stance regarding Overstock.com Inc.

In a statement Wednesday, Gradient said Overstock.com's chief executive has made it the subject of a “non-stop intimidation and harassment campaign."

The company said Patrick Byrne has made "numerous malicious, libelous and slanderous statements" against the company and said he is using "strong-arm tactics" to distort the fair value of their securities, according to a report by...
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