Changes

Jump to navigation Jump to search
Line 53: Line 53:  
* Forbes- No. 1 in Employee Satisfaction
 
* Forbes- No. 1 in Employee Satisfaction
 
* Glassdoor- One of the Top Ten Best Places to Work in Corporate America
 
* Glassdoor- One of the Top Ten Best Places to Work in Corporate America
 +
 +
==Legal Battle==
 +
In 2005, Overstock.com filed legal charges against Rocker Partners, a hedge fund known for its short-selling practices and Gradient Analytics, Inc., a research firm accusing both companies of conspiracy in defaming the companies reputation to make profit. Overstock.com cited that the two companies and some of their employees collaborated in releasing "malicious and tainted" research reports which affected the companies stocks resulting to a 44% drop in shares.<ref>[http://www.rgm.com/articles/overstock.html Overstock.com sues Short-Seller Rocker Partners]</ref>
 +
 +
In 2008, Rocker Partners & Gradients Analytics settled their legal dispute with Overstock.com out of court. Rocker paid Overstock.com $5 million for damages while Gradient Analytics settlement with the company was undisclosed. Gradient issued a statement of regret and reverted its research reports about Overstock.com.<ref>
 +
[http://www.investigatethesec.com/drupal-5.5/?q=node/916 Rocker Settles on Lawsuit, Pays Overstock.com $5 Million]</ref>
    
==References==
 
==References==
9,082

edits

Navigation menu