Gradient Scores Huge Victory in Court Against Overstock.com

COURT RULES THAT GRADIENT ANALYTICS’ CROSS-COMPLAINT MAY PROCEED AGAINST OVERSTOCK.COM, INC. ON ALL COUNTS AMENDED CLAIMS TO BE FILED AGAINST OVERSTOCK CEO PATRICK BYRNE Scottsdale, July 10, 2008 Gradient Analytics, Inc. announced today that the Marin County Superior Court has ruled in the case of Overstock.com, Inc., v. Gradient that …

Gradient issues negative report on UTStarcom in 2003; SEC files fraud charges against UTSI in 2008

SCOTTSDALE, Ariz. – (Business Wire) Five years after Gradient Analytics first reported on UTStarcom (UTSI), the U.S. Securities and Exchange Commission has announced accounting fraud charges and a settlement fine against two UTSI executives for “false financial filings.” Gradient Analytics initiated coverage of UTSI on Sept. 25, 2003, after finding …

Gradient Analytics Looks Forward to Proving Overstock Wrong

Case Essential To Protecting Analysts From Issuer Retaliation SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Gradient Analytics, Inc. said today that a California state court has ruled that discovery may proceed in the Overstock.com vs. Gradient, et al. litigation. Discovery had been stayed for several months while motions to dismiss by several parties were pending. …

A bit of irony from Patrick Byrne, CEO of Overstock.com

Recently a countersuit was filed by Gradient Analytics against Overstock.com (NASDAQ:OSTK) and Patrick Byrne, claiming that the company and Byrne engaged in a smear campaign after negative reports on Overstock were issued by Gradient. The suit includes allegations that Overstock and Byrne committed acts of defamation, tortuous interference with prospective …

Gradient Analytics’ Early Research Identified Same Issues as Charges in SEC Complaint against Biovail

SEC Credits Analysts Who Questioned Biovail, But Retaliation Against Independent Researchers Through Lawsuits Continues SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Gradient Analytics said recently its research into Biovail from 2002 to 2003 identified the same issues that are now the centerpiece of the accounting-fraud charges supporting the U.S. Securities and Exchange Commission complaint against …

Suing Short Sellers Who Publish Negative Reports

Reuters published an interesting article about lawsuits against short sellers… like when Overstock sued Gradient Analytics and Rocker Partners. “Short sellers” profit when a company’s stock price goes down. Negative information about companies tends to send the stock price down, so you can see the potential correlation here… short sellers …