Litigation
Jan. 13, 2012
Judge tosses Overstock.com's market manipulation suit
A San Francisco judge has thrown out Overstock.com's lawsuit accusing financial companies of a market manipulation scheme that drove down the price of the company's stock.
Daily Journal Staff Writer
Nearly five years after it was filed, a San Francisco judge has thrown out Overstock.com's suit against financial giants Merrill Lynch, Pierce, Fenner & Smith Inc. and Goldman, Sachs & Co. accusing them of a market manipulation scheme that drove down the price of the company's stock.
In his order issued late Tuesday, San Francisco County Superior Judge John E. Munter wrote that there ...
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