The Naked Truth?
Despite this, a failed naked-shorting lawsuit lodged against all of the major Wall Street prime brokers, including units of Goldman Sachs Group and Merrill Lynch, by Overstock. All Rights Reserved This copy is for your personal, non-commercial use only. Most Popular today. Martin's Press.
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In a statement provided to Barron'sGoldman derides the suit as part of Overstock's "longstanding self-described 'jihad' against short sellers, designed to distract attention from its own failure to meet its projected growth and profitability goals and the resulting sharp drop in its stock price during the period. Despite this, a failed naked-shorting lawsuit lodged against all of the major Wall Street prime brokers, including units of Goldman Sachs Group and Suing naked short sellers Lynch, by Overstock. We've detected you are on Internet Explorer. In its suit, Overstock had accused the prime brokers of conducting "a massive, illegal stock-market manipulation scheme" with short sellers to batter its shares. In the portion of his deposition quoted in the released filing, Cohodes questions whether Goldman had borrowed the Overstock homemade wife fuck movies his firm was shorting, and alleges that Goldman later helped put his fund out of suing naked short sellers to hide improper conduct.
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