Overstock 0 for 2
Seems the law Patrick Byrne shoved through Utah's legislature last May will get repealed, as even the easily-fooled crowd that bought Byrne's "naked short" story has come to realize it doesn't have a prayer of defending the law. Quite simply, Utah doesn't have jurisdiction over these matters. Federal law does. The Utah lawmakers finally came to realize this, and even admitted that the ONLY people who claimed otherwise were those in the Overstock camp.
Byrne's reaction? Claim another conspiracy, accuse his former legislative ally of being compromised by the brokerage industry, and try to start a fistfight.
Oh yeah, and have OSTK's lawyer pledge shareholder money to defend the doomed law. Read the entire, sordid tale here:
Just one more piece of evidence that Byrne runs Overstock in the interests of his ego, not the financial interests of shareholders.