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SAN FRANCISCO (HedgeWorld.com) - The hedge fund defendants in a libel lawsuit filed by Overstock.com Inc. two years ago have answered Overstock's complaint, and included a cross-complaint alleging that it is the Salt Lake City-based online marketing firm itself that has violated California statutes and committed common- law tort violations as it has manipulated its own stock price. These responsive papers were a long time in coming, delayed while research firm Gradient Analytics Inc., another defendant in Overstock.com's lawsuit, pressed its unsuccessful efforts in the California appellate courts to have the lawsuit stopped on the grounds that it infringed upon the rights of journalists, analysts, researchers and others to make critical comments about public companies.
SAN FRANCISCO (HedgeWorld.com) - Gradient Analytics Inc. has filed a cross-complaint against Overstock.com and its chief executive, Patrick Byrne, in a California state trial court. In the filing on Monday [April 14], Gradient alleges that a number of remarks Mr. Byrne made in conference calls and news interviews between 2004 and 2006 were defamatory and illegally interfered with Gradient's prospective business relations. The underlying lawsuit is that brought by Overstock in August 2005 against both Gradient - formerly known as Camelback Research Alliance Inc. - and hedge fund Rocker Partners (now known as Copper River Partners), alleging that the two defendants colluded to drive down Overstock.com's stock price through critical and false research reports with the Gradient imprimatur.
... product liability action broughtin California and sought indemnification there from Japanese val...
An insurance company that sued in state court to enforce a reimbursement provision against one of its policyholders could not remove the case to federal court when the policyholder sought to turn it into a class action, the 9th Circuit has ruled in affirming a remand order. Progressive Insurance sued in California court to obtain reimbursement of $5,000 in medical payments paid to one of its policyholders. The policyholder filed a cross-complaint, alleging that Progressive's reimbursement policy violated the state's unfair competition law. Both Progressive's reimbursement claim and the policyholder's cross-complaint were filed before the effective date of the federal Class Action Fairness Act.
..., Unilever United States, Inc., in California Superior Court (the "California Action") seeking t...
...Amended Cross-Complaint filed in California state court by Jacobsen. *. After examining...
...Nov. 4, 2010). A District Court in California remanded the action to state court finding that us...
LOS ANGELES, Nov. 23 /U.S. Newswire/ -- The Foundation for Taxpayer and Consumer Rights has filed a taxpayer lawsuit on behalf of all California taxpayers calling upon California Controller Steve Wesley and the Board of Equalization to collect hundreds of millions of dollars in gross premiums taxes unpaid by Wellpoint subsidiary Blue Cross of California during the last eight years. The complaint can be read at: http://www.consumerwatchdog.org/assets/scans/ WellpointComplaint.p df Every other for-profit Preferred Provider Organization (PPO) insurance plan in the state pays gross premiums taxes on insurance products as specified by the California Constitution. The lawsuit alleges Wellpoint and Blue Cross have evaded the gross premiums tax, illegally opting to pay a far lower corporate in...
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