Overstock.Com Sues Rocker Over Sales of Stock
Deseret News (Salt Lake City) › August 12, 2005
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Summary
Overstock.com, a discount Internet retailer, said in a lawsuit Thursday that hedge fund Rocker Partners LP drove down Overstock's stock price to reap a profit on a bet the shares would fall.
Salt Lake-based Overstock said Rocker and Gradient Analytics, a research firm also named in the suit, used unfair business practices to drive down the price of the stock they had shorted. Short sales are the sale of a security that the seller has borrowed in anticipation of making a profit by paying for it after the price drops.See the full content of this document
Extract
Overstock.Com Sues Rocker Over Sales of Stock
The lawsuit filed in state court in Marin County, Calif., claims Gradient issued ...
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