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January 6, 2014
09:11 EDTOSTKOverstock.com to appeal ruling in California comparison advertising case
Overstock.com announced it will appeal the tentative ruling of a California trial court which prohibits the company from comparison price advertising unless done in conformity with new court-mandated practices which diverge widely from industry standards. President Stormy Simon said, "Respectfully, I believe this ruling is unjust... I am aware of the lengths we have gone to get this right on the millions of products that flow through our website. We will follow the ruling, while noting that the effects on our current practices will be small because, as we are the gold standard, we are already fanatic about getting this right. However, if fairly enforced, this ruling will force other retailers to change their processes dramatically (which makes one wonder why we are the ones who were targeted)."
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March 25, 2015
17:14 EDTOSTKOverstock.com continues to fight for patent litigation reform
The general counsel for Overstock.com testified in Washington, D.C. at a hearing on Patent Reform: Protecting American Innovators and Job Creators from Abusive Patent Litigation. Congressman Bob Goodlatte, R-Va., chairman of the House Judiciary Committee, invited Mark Griffin, senior vice president and general counsel of Overstock.com, to make a statement before the Subcommittee on Courts, Intellectual Property and the Internet at 10 a.m. ET. Griffin explained the issues that online shopping site, Overstock.com, has experienced in its history of fighting patent troll suits. He provided detail on the many victories won and the costs of those successes. "The only people who benefit from frivolous patent litigation are the trolls and their lawyers, and that benefit is not enumerated among the original aims of our patent system," Griffin said. Griffin added that Overstock.com requests the pleading standards in patent litigation be raised, determinations be made between those selling the alleged infringing products and those manufacturing the products, a better discovery process with reasonable cost constraints, as well as better cost-shifting options for judges. "This subject continues to get a lot of attention," said Griffin. "It is a crippling problem and a solution needs to finally be agreed upon." Overstock.com has regularly praised Utah's senators, Orrin Hatch and Mike Lee, and other likeminded senators and House members in this fight.
08:43 EDTOSTKHouse Judiciary Committee to hold a hearing
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