Overstock's Suit Over Short Selling To Proceed To Trial

Law360, New York (March 8, 2006, 12:00 AM EST) -- A lawsuit brought by Internet retailer Overstock.com against a hedge fund and a research firm that allegedly conspired to drive down its stock price will proceed, after a judge denied a motion to dismiss the suit.

Research analysts Gradient Analytics Inc. and hedge fund Rocker Partners asked that the suit be dismissed on the grounds that it violated Anti-Strategic Litigation Against Public Participation (SLAAP) statutes, which protect public statements from unfair litigation.

Generally SLAAP statutes only apply in cases where the rights of those petitioning the...
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