Tyco International Ltd. has agreed to pay almost $3 billion to settle shareholder lawsuits; this is the fourth larges securities class-action settlement. As part of the settlement, the shareholders also get the right to pursue accounting malpractice claims against Tyco […]
I just know that someday I will want to re-read this, so I figured why not cut and paste from the Overstock.com message board on Investor Village. You never know when a pertinent message will disappear forever. Why CEO Patrick […]
As I’ve already mentioned, Gary Weiss did a great piece about the weekend rantings of Overstock CEO Patrick Byrne. I finally got a chance to get back over there and read the comments, this one by Jeff Matthews is hilarious. […]
An alleged insider at Usana Health Sciences has been posting messages on a Yahoo board. The messages have a fair amount of detail. In my opinion, they sound credible. But who knows. Here is the latest:
Gary Weiss has a great post detailing the weekend’s events with Patrick Byrne, CEO of Overstock. Gary’s comments include:
That’s right. I have another question for Patrick. Now I’m sure the answer (if any) will come in the form of slicing and dicing, splitting hairs, fancy footwork, and a few other catch phrases. It’s apparent that Patrick can’t just […]
Patrick Byrne, CEO of Overstock.com, has been asked numerous times why he waited nearly a year to disclose a subpoena he received from the SEC. Overstock received a subpoena on May 9, 2006, and Byrne issued a press release about […]
Word is out that Patrick Byrne personally got a subpoena from the Securities and Exchange Commission (SEC) on May 17, 2006, and the company waited until the filing of its most recent 10-Q to disclose it. This seems a bit […]
Supporters of Usana Health Sciences have suggested that Usana’s invitation to ring the Nasdaq closing bell earlier this week somehow gives the company credibility. As if Nasdaq is somehow endorsing Usana, its business model, and the questionable integrity of the […]
Larry Lupton of UGL Equis Corp has been charged with wire fraud and corruptly soliciting an improper payment for seeing a $75,000 kickback. He was offering confidential bid information related to the sale of a $30 million building, and wanted […]
