Overstock.com, Inc. v. Goldman Sachs & Co.
California Court of Appeal
[CERTIFIED FOR PARTIAL PUBLICATION*]
1Opinion of the Court
Opinion
BANKE, J.
I. Introduction
Often, it is the federal courts, applying federal law, that wrestle with claims of cross-state securities fraud involving a nationally listed stock. Here, plaintiffs of various states allege defendants, securities firms headquartered on the East Coast, violated California and New Jersey laws through their involvement in massive “naked short selling” of Overstock.com, Inc. shares. The trial court sustained demurrers to plaintiffs’ New Jersey Racketeer Influenced and Corrupt Organizations Act (RICO; 18 U.S.C. § 1961 et seq.) claim without leave to amend and…
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- Fed. Sec. L. Rep. P 93,947 Dean Walling v. Beverly Enterprises, a California CorporationCourt of Appeals for the Ninth Circuit · 1973
- Diamond Multimedia Systems, Inc. v. Superior CourtCalifornia Supreme Court · 1999
- Freeman v. Directv, Inc.Court of Appeals for the Ninth Circuit · 2006
- Wharf (Holdings) Ltd. v. United International Holdings, Inc.Supreme Court of the United States · 2001
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