A new complaint filed in Utah accuses Overstock.com (NASDAQ:OSTK), former CEO Patrick Byrne and former CFO Greg Iverson of securities fraud.
Filed on Friday, Sept. 27, the complaint requests a trial by jury, alleging that Byrne designed Overstock.com’s digital asset-based dividend as a means of punishing short sellers, which other outlets have alleged previously. On the subject, and in language more dramatic than many legal filings, the complaint reads: