Overstock.com has reason to celebrate after a district court in Salt Lake City, Utah, ruled in the online retailer’s favor, denying breach of contract and other claims for damages of $1.7 million.
The company said that in Haddadin v. Overstock, two brothers asserted they were entitled to damages of $1.7 million, plus future royalties, when the it contracted with Ed and Ayman Haddadin for the creation of an auto sales store on the e-tailer's website.
In finding for the company, the judge ruled from the bench at the close of the case, noting that elements of the Haddadin's testimony were simply "not credible."
"We applaud the judge in this case for understanding and ruling upon the facts," said CEO and chairman Patrick M. Byrne. "Overstock will always fight unmeritorious lawsuits."
Under the 2006 contract, Overstock.com purchased a software platform from the Haddadins, toge