On June 2, 2017, a California appeals court docket affirmed a $6.8 million judgment against the online low cost retailer , Inc. in a case wherein the trial courtroom found that Overstock made false and misleading representations about its marketed referenced costs. The $6.eight million penalty is the biggest penalty ever obtained in an enforcement motion involving worth advertising.
Byrne took an indefinite go away of absence in April 2016, because of Hepatitis C problems. The general counsel , Mitch Edwards, was named appearing CEO. 29 In July 2016, Byrne returned as CEO. In February 2014, the Alameda County Superior Court issued a ninety three-page choice and ordered Overstock to pay a $6.8 million penalty. The courtroom found that List Price” was a false representation as a result of it was not the precise checklist price for the product and that the terms Compare At” and Compare” had been more … Read more