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In re: Overstock Securities, et al
Case Number:
21-4126
Court:
Nature of Suit:
Companies
Sectors & Industries:
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October 15, 2024
10th Circ. Won't Reboot Short Sellers' Suit Against Overstock
In a decision dealing with matters of first impression, the Tenth Circuit on Tuesday declined to revive a hedge fund's proposed class action accusing Overstock.com Inc. and its leadership of manipulating the market when it said it would pay shareholders using cryptocurrency but abandoned the plan to force short sellers into a "squeeze."
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February 09, 2023
10th Circ. Seeks Clarity On Overstock.com Crypto Offering
The Tenth Circuit on Thursday questioned attorneys for Overstock.com Inc. and its former executives over why the company pulled the plug on a plan to pay shareholders using cryptocurrency as the appellate court tries to decide whether to revive a lawsuit claiming the "ruse" was intended to squeeze short sellers.