Overstock.com Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Overstock.com Inc |
Stock Symbol : | NASDAQ OSTK |
Class Period Start: | 08/03/2017 |
Class Period End: | 03/26/2018 |
Lead Plaintiff motion: | 05/29/2018 |
Date Filed: | 03/29/2018 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the District of Utah |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the May 29, 2018 lead plaintiff deadline in a class action lawsuit filed against Overstock.com Inc (NASDAQ OSTK) (“Overstock.com” or “the Company”). The suit is pending in the U.S. District Court for the District of Utah and investors, who purchased Overstock.com Inc securities between August 3, 2017 and March 26, 2018, have until May 29, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased Overstock.com Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Overstock.com’s coin offering was highly problematic and potentially illegal; and the company’s Medici business was hemorrhaging money. On March 1, 2018, the Company revealed that the SEC had requested information about its initial coin offering. On this news, NASDAQ OSTK dropped 4.4% to $57.75 per share. On March 26, 2018, the Company revealed that it planned to offer 4,000,000 common stock shares in an underwritten public offering. Following this news, NASDAQ OSTK fell almost 15%, to close at $37.92 per share on March 27, 2018. If you were negatively impacted by your investment in Overstock.com Inc securities between August 3, 2017 and March 26, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |