Sunday, May 20, 2012


SAN RAFAEL MAIN OFFICE 
  Westamerica Building
  Third Floor
  1108 Fifth Avenue
  San Rafael, CA 94901
  Phone: (415) 456-7500 
  Fax: (415) 456-0266 
    

WEST MARIN OFFICE 
  11150 Sir Francis Drake
  Point Reyes Station, CA 94956
  Phone: (415) 663-1333
  Fax: (415) 663-9155


  Corporate Disparagement and Stock Manipulation - Excess of $5,000,000 Settlement 

Acting as local counsel, our litigation counseling and corporate litigation team worked in tandem with a national plaintiff’s litigation firm in representing online retailer Overstock.com. This case entailed a Marin County Superior Court action against a hedge fund and “independent” research firm which orchestrated a wide-scale predatory campaign of knowingly distributing false, and covertly biased, written reports about Overstock.com in order to disparage Overstock and enrich themselves through shorting Overstock's stock.

The lawsuit alleged that the content of the research firm’s reports about Overstock were not the result of objective analysis, but that the research firm was being actively influenced and fed information by the hedge fund to create reports which would result in huge financial benefits from the inevitable harm to our client, Overstock.

Working with nationally renowned stock manipulation experts and counsel in numerous states, the litigation team secured settlements against the independent research firm and a $5,000,000 settlement against the hedge fund. 


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  From its establishment in 1925 as as a small, local practice, Freitas, McCarthy, MacMahon Keating, LLP has carefully grown into a strategically situated firm providing legal counseling on estate, transactions, and litigation matters throughout the Bay Area and Northern California. As the oldest existing law firm in Marin County, Freitas, McCarthy, MacMahon & Keating, LLP specializes in delivering exceptional client-based service with a strong commitment to responsiveness and action.

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