NEW YORK--(BUSINESS WIRE)--The Klein Law Firm announces the commencement of an investigation of Overstock.com, Inc. (NASADAQGM: OSTK) concerning possible violations of federal securities laws.
On March 1, 2018, Overstock revealed that the Securities and Exchange Commission ("SEC") had requested information about its initial coin offering. Then, on March 15, 2018, Overstock announced that "the investigation could result in a delay of the tZero security token offering, negative publicity for tZero or us, and may have a material adverse effect on us or on the current and future business ventures of tZero." Overstock also said that the SEC was examining the advisers at tZero. It was also revealed that Medici had lost $22 million in 2017, despite the fact that Bitcoin prices increased by 1,375% during that time.
If you suffered a loss in Overstock and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kkclasslaw.com/OSTK-Info-Request-Form-284.
Joseph Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.