{"id":4403,"date":"2006-05-10T00:00:00","date_gmt":"2006-05-10T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"sec-seeks-information-in-overstock-complaints","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2006\/sec-seeks-information-in-overstock-complaints.html","title":{"rendered":"SEC seeks information in Overstock complaints"},"content":{"rendered":"<p>  <span>Salt Lake Tribune &#8211; Overstock.com Inc., which has accused a research company and hedge fund of conspiring to drive down its stock, received a subpoena from the United States for information  about its claims and accounting policies.<\/span><\/p>\n<p>  <span>The Securities and Exchange Commission&#8217;s subpoena requested information about Salt Lake City-based Overstock&#8217;s complaint against Gradient Analytics Inc., an Arizona research company it sued  in August, Overstock said. The SEC also asked for documents about Overstock&#8217;s recent restatement, accounting policies and communications about &#8221;naked&#8221; short selling.<\/span><\/p>\n<p>  <span>Patrick Byrne, Overstock&#8217;s chief executive, has accused hedge funds, analysts and financial journalists of spreading negative information about his company to drive its stock down to benefit  short sellers who bet Overstock&#8217;s shares would fall. Gradient, whose reports questioned Overstock&#8217;s accounting, has said the claims are aimed at harassing the company&#8217;s critics.<\/span><\/p>\n<p>  <span>&#8216;I may be the first CEO in history to celebrate receiving an SEC subpoena,&#8221; Byrne said in the statement. &#8221;I am gratified to see that the SEC is looking into the issues about which I have  been speaking.&#8221;<\/span><\/p>\n<p>  <span>Karen Hinton, a spokeswoman for Gradient, had no immediate comment.<\/span><\/p>\n<p>  <a href=\"http:\/\/news.google.com\/news\/url?sa=T&amp;ct=us\/2-0&amp;fd=R&amp;url=http:\/\/www.sltrib.com\/business\/ci_3803843&amp;cid=0&amp;ei=ApVhRPyjJoKuoQKNq8CfBA\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Salt Lake Tribune &#8211; Overstock.com Inc., which has accused a research company and hedge fund of conspiring to drive down its stock, received a subpoena from the United States for information about its claims and accounting policies. The Securities and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4403","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4403"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4403\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}