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October 24, 2011 07:16 pm GMT
O.co, also known as Overstock.com, is today announcing its case againstGoldman Sachs and Bank of America subsidiary, Merrill Lynch, will go to court on March 5th, 2012. The company is claiming that the defendants engaged in share price manipulation by "naked short selling" and failing to deliver shares they sold, in order to benefit themselves and their hedge fund clients.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Nnqz4U0c480/
O.co (Overstock.com) Suit Against Brokerage Firms Set For Trial
O.co, also known as Overstock.com, is today announcing its case againstGoldman Sachs and Bank of America subsidiary, Merrill Lynch, will go to court on March 5th, 2012. The company is claiming that the defendants engaged in share price manipulation by "naked short selling" and failing to deliver shares they sold, in order to benefit themselves and their hedge fund clients.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Nnqz4U0c480/
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