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Monday, February 17, 2014 8:22:25 PM
Copper River colluded with a research firm in short-selling Overstock while paying that research firm to publish negative reports about Overstock.com and supplying pre-publication copies to the hedge fund. Sound familiar?
On Dec. 8, 2009, it was announced that Copper River had reached an out of court settlement with Overstock. As part of the agreement, Copper River, which closed in December 2008, agreed to pay Overstock $5 million.
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