Investor Asks 10th Circuit To Overturn Dismissal Of Market Manipulation Claims

(February 10, 2022, 1:23 PM EST) -- DENVER — A federal district court erred in dismissing shareholder claims in a securities class action against online retailer Overstock.com Inc. and certain of its current and former senior executives who are alleged to have engaged in a scheme to devise a fraudulent short squeeze of the company’s stock and artificially inflate earnings guidance for Overstock’s struggling retail division because the lead plaintiff sufficiently pleaded its market manipulation scheme claims and properly pleaded scienter, the investor argues in a Jan. 28 appellant brief filed in the 10th Circuit U.S. Court of Appeals....