Close (OSTK) Falls As Consumer Fraud Investigation Highlighted

April 12, 2011 11:44 AM EDT
The downside pressure seen in Inc. (Nasdaq: OSTK) mid-day Tuesday is related to a blog post at "While Collar Fraud", which discuses the recent California District Attorney’s investigation into allegations of consumer fraud.

The blog claims is obstructing and stonewalling the investigation, including a recent request for the company to turn over the present or last known contact information for certain former employees with knowledge of alleged fraudulent pricing practices.

Shares of are down 4.3 percent in mid-day trading.

You can read the entire blog post here.

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