Overstock.com Sues Short Seller

Salt Lake City, On-line retailer Overstock.com Inc. sued a hedge fund and a research group for allegedly discrediting the stock and profiting from short selling. The retailer named Rocker Partners and Gradient Analytics Inc. in its lawsuit, filed in Marin County, Calif. “Despite Overstock’s consistently growing revenues and its stock price's well-justified performance in the market, in the last few months as a result of Gradient's tainted and malicious [reports,] Overstock's reputation and stock price have been greatly harmed,” said the lawsuit.