Del. Justices Reverse Overstock.com's $7.3M Judgment
By Rose Krebs (June 24, 2020, 6:35 PM EDT) -- The Delaware Supreme Court on Tuesday reversed a lower court ruling that levied nearly $7.3 million in damages against online retailer Overstock.com for concealing abandoned gift card balances from Delaware's revenue agency.
In a 17-page ruling, the First State's high court found there was insufficient evidence to show that Overstock.com engaged in a scheme to avoid paying for abandoned gift card balances in violation of the Delaware False Claims and Reporting Act.
The court reversed a July 2019 decision by a Delaware Superior Court judge that increased damages after the online retailer was found directly liable by a jury for nearly...
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