Overstock Accuses Goldman Sachs and Merrill Lynch of Racketeering

December 19th, 2010

Via: Reuters:

Overstock.com Inc plans to amend a lawsuit it filed in early 2007 to include racketeering claims against Goldman Sachs and Merrill Lynch, the online retailer said on Thursday.

The original lawsuit, filed in the California superior court in San Francisco, alleged that Goldman Sachs Group Inc and Bank of America’s Merrill Lynch unit engaged in a “massive, illegal stock market manipulation scheme” that involved so-called naked short-selling.

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One Response to “Overstock Accuses Goldman Sachs and Merrill Lynch of Racketeering”

  1. jburke6000 says:

    Patrick Byrne, founder of Overstock.com, has a pretty good website called DeepCapture
    http://www.deepcapture.com/

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