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...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!