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On October 16, Overstock short sellers lost their appeal over market manipulation claims, dealing a significant blow to their efforts. The decision was issued by a federal appellate court and affects short sellers pursuing securities fraud claims in multiple states, including Colorado, Kansas, New Mexico, Oklahoma, Utah, and Wyoming. This ruling is seen as a setback for investors in Overstock, who had hoped for a favorable outcome. The case highlights ongoing legal challenges faced by short sellers in the market, with the court providing two kinds of bad news for them.
Overstock investors rebuffed on appeal, and that's bad news for short sellers. Read @AlisonFrankel's take in her latest column https://t.co/9onsHMJhxw https://t.co/2ZzorCrlpf
Overstock investors rebuffed on appeal, and that's bad news for short sellers https://t.co/4O66d5INta https://t.co/fatlUI7jtj
Short sellers pursing securities fraud claims in Colorado, Kansas, New Mexico, Oklahoma, Utah and Wyoming got two kinds of bad news in a federal appellate decision issued in a case against online retailer Overstock. Columnist @AlisonFrankel has the details https://t.co/0nZYany0lA https://t.co/dWjUHN9Jf4
