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The state Supreme Court found the company violated the Delaware False Claims and Reporting Act as written now, but Overstock did not violate the law as written in 2013 when the violations in question actually occurred.
June 25, 2020 at 05:23 PM
1 minute read
The Delaware Supreme Court threw out a nearly $7.3 million Superior Court judgment against Overstock.com over unclaimed gift card debt.
The court determined Overstock’s failure to properly file escheat between 2010 and 2013 was not proven at trial to be a violation of the Delaware False Claims and Reporting Act because the company’s proven actions violate the state’s current law, and not the law in place prior to 2013.
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