The lawsuit was filed on November 17, 2010, and is still active as of this writing.
It alleges that Overstock.com has, to quote the blog White Collar Fraud, "engaged in fraudulent pricing practices after a two year investigation."
Moreover, one look at the copy of the lawsuit that is online, shows one name well-known to many as the County of Alameda's new District Attorney, Nancy E. O'Malley. Here's the link to the lawsuit: Overstock.com Lawsuit.
This blog post is not to dive into the details surrounding the lawsuit, only to ask how and why the City of Oakland and the County of Alameda, and the Oakland Raiders got involved with a firm who's very way of treating the customer has been tainted by lawsuit?
Did the Oakland Raiders say anything? What about anyone with the City of Oakland or the County of Alameda. Did they even know that the County was involved against Overstock.com in this way?
Moreover, how could the San Francisco Bay Area print media, normally derisive of bloggers like myself, miss this legal issue?
So, to close, we have two problems with the Overstock.com, Oakland-Alameda County Coliseum Stadium Naming Rights Deal: it's way under valued at $7 million, and the firm that's on the other side of the deal is being sued by the same County of Alameda it's giving money to, and for allegedly fraudulent business practices.
Yikes!
Stay tuned.
