Those who claim I was painting a larger conspiratorial picture are – not coincidentally – directly tied to a certain hedge fund manager or his friends. The resulting stab at journalism (in name only) is hardly a conspiracy; it’s human nature and in the case of these writers, very poor form and an even more poorly-kept secret.
Today, short-selling hedge fund Rocker Partners paid Overstock.com $5-million to settle the lawsuit filed against them in August of 2005. Rocker Partners also entirely dropped its own countersuit. This is a major victory for all public companies targeted by bear raiding hedge funds.