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Company: Overstock.com
Current Parent Company:
Overstock.com Inc.
Parent at the Time of the Penalty Announcement:
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Penalty: $6,828,000
Year: 2014
Date: February 20, 2014
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: false advertising
Violation Description: Overstock.com was ordered to pay $6.8 million in judgment of a lawsuit filed by the District Attorneys of Alameda, Marin, Monterey, Napa, Santa Clara, Santa Cruz, Shasta and Sonoma counties alleging that it used deceptive advertising to give customers the impression they were getting a bigger bargain, creating fictional comparison prices or using the highest comparison price.
Level of Government: local
Action Type: agency action
Agency: California Multi-Jurisdiction Case
Civil or Criminal Case: civil
Private Lawsuit Resolution Type: verdict
Facility State: California
Facility County: multi-county
HQ Country of Current Parent: USA
HQ State of Current Parent: Utah
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: retailing
Specific Industry of Current Parent: online retailing
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.