Overstock Faces SEC Probe, Details Short-Selling Lawsuit
Carol S. Remond | Dow Jones Newswires, 12 August 2005
Overstock.com President Patrick Byrne said in a conference call Friday that the Securities and Exchange Commission began an informal inquiry into the company in February.
Mr. Byrne was speaking during a conference call to discuss a lawsuit filed Thursday by Overstock.com and a private investor named Mary Helburn against research firm Gradient Analytics Inc., hedge fund Rocker Management LLC, Rocker Partners LP, Rocker Offshore Management Co. Inc., well-known short seller David Rocker, Marc Cohodes, James Carr Bettis, Donn Vickrey, and Matthew Kliber.
