Overstock.com, Inc. Securities Fraud Class Action

Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Overstock.com (“Overstock”) securities between May 9, 2019 and November 12, 2019 inclusive (the “Class Period”).

The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the company’s business, operational and prospects. Specifically, the complaint alleges that Defendants represented to investors that improvements in Overstock’s Retail division would fund the launch of tZERO, the company’s crypto currency project, and that the company could expect to earn at least $17.5 million of EBITDA by year end 2019.

Current Status of Case:
On September 20, 2021, the Court granted Defendants’ Motion to Dismiss, and dismissed the case. On October 18, 2021, Plaintiffs appealed the dismissal to the United States Court of Appeals for the Tenth Circuit. The Tenth Circuit Court affirmed the District Court’s decision on November 6, 2024.  This action has concluded.

If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at [email protected]. If you would like additional information about the suit, please click on the link “Submit Your Information” above and fill out the form as promptly as possible.

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including The National Law Journal’s Plaintiff’s Hot List and Trailblazers in Plaintiffs’ Law, BTI Consulting Group’s Honor Roll of Most Feared Law Firms, The Legal Intelligencer’s Class Action Firm of the Year, Lawdragon’s Leading Plaintiff Financial Lawyers, and Law360’s Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent.