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Overstock.com

Case Summary

Overstock.com Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 05/14/2020 (Date of last review)

Filing Date: September 27, 2019

According to the Complaint, Overstock.com is as an online retailer in the U.S. and internationally, operating through Retail and tZERO segments. Through its on-line Retail division, the Company offers furniture, home décor and other related products. Recently, the Company has also shifted its focus to include the development and commercialization of financial applications of blockchain technologies, through tZERO.

The Complaint alleges that during the Class Period, Defendants materially misrepresented and failed to disclose the conditions that were adversely affecting the Company. The Complaint further alleges that throughout the Class Period, it was not true that the Company’s quarterly reports filed with the SEC were prepared in accordance with GAAP ad SEC rules.

On January 6, 2020, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel. Lead Plaintiff filed a consolidated Complaint on March 13.

Company & Securities Information

Defendant: Overstock.com

COMPANY INFORMATION:

Sector: Services
Industry: Retail (Specialty)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: OSTK
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.

First Identified Complaint

Benjamin Ha, et al. v. Overstock.com, et al.

COURT: D. Utah
DOCKET #: 19-CV-00709
JUDGE: Hon. Dale A. Kimball
DATE FILED: 09/27/2019
CLASS PERIOD START: 05/09/2019
CLASS PERIOD END: 09/23/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Anderson & Karrenberg
  2. Kahn Swick & Foti, LLC
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint for Violations of Federal Securities Laws 09/27/2019
2 Order Granting Stipulation Re Case Consolidation 01/03/2020
3 Order Appointing the Mangrove Partners Master Fund, Ltd., as Lead Plaintiff and Approving Selection of Counsel 01/06/2020
4 U.S. District Court Civil Docket19-CV-00709 01/14/2020

Reference Complaint

In re Overstock Securities Litigation

COURT: D. Utah
DOCKET #: 19-CV-00709
JUDGE: Hon. Dale A. Kimball
DATE FILED: 03/13/2020
CLASS PERIOD START: 05/09/2019
CLASS PERIOD END: 11/12/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Clyde Snow & Sessions
  2. Cohen Milstein Sellers & Toll PLLC (Washington DC)
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 Consolidated Complaint 03/13/2020
2 U.S. District Court Civil Docket 03/13/2020

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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