SAN DIEGO, Oct. 3, 2019 /PRNewswire/ -- Shareholder rights
law firm Johnson Fistel, LLP reminds investors that a class action
lawsuit has been filed against Overstock.com, Inc. (NASDAQ:
OSTK) ("Overstock" or the "Company") on behalf of all
purchasers of common stock during the period between May 9, 2019 through September 23, 2019, inclusive (the "Class
Period").
If you wish to serve as a lead plaintiff, and had losses greater
than $100,000, you must move the
Court no later than November 26,
2019. If you wish to discuss this action, have any questions
concerning this notice, or your rights or interests, please contact
lead analyst Jim Baker
(jimb@johnsonfistel.com) at 619-814-4471. If you email, please
include your phone number.
Additionally, you can [click here to join this action].
There is no cost or obligation to you.
The complaint alleges that throughout the Class Period,
Defendants made materially false and misleading statements
regarding the Company's business, operational, and compliance
policies. The lawsuit claims that following months of media reports
on the erratic behavior of founder Patrick
Byrne, who resigned as CEO in August
2019 and subsequently sold over $91.98 million worth of company stock within a
three day period, the company later disclosed the sudden and
unexpected departure of CFO Gregory
Iverson the week prior, and that the company would lower
guidance to break-even EBITDA for the year, eliminating the
projected $17.5 million that
Overstock had recently provided and which was critical to support
the launch of its tZERO service.
If you are a long-term shareholder of Overstock
continuously holding shares before May 9,
2019, you may have standing to hold Overstock
harmless from the alleged harm caused by the officers and directors
of the Company by making them personally responsible. You may also
be able to assist in reforming the Company's corporate governance
to prevent future wrongdoing.
[click here to join this action]. There is no cost or
obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP