Press release
Investigation announced for Long-Term Investors in Bed Bath & Beyond Inc. (NASDAQ: BBBY) over possible Wrongdoing
An investigation on behalf of investors in Bed Bath & Beyond Inc. (NASDAQ: BBBY) shares over potential wrongdoing at Bed Bath & Be
Investors who purchased shares of Bed Bath & Beyond Inc. (NASDAQ: BBBY) and currently hold any of those Bed Bath & Beyond Inc. (NASDAQ: BBBY shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Bed Bath & Beyond Inc. (NASDAQ: BBBY officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
On April 14, 2020, a lawsuit was filed against Bed Bath & Beyond Inc. (NASDAQ: BBBY) over alleged violations of Federal Securities Laws. The plaintiff claims that between October 2, 2019 and February 11, 2020, the defendants made false and/or misleading statements and/or failed to disclose that, due to "aggressive disposition of inventory," the Company lacked sufficient inventory in key categories to support holiday sales, that the Company’s internal control over inventory levels and financial reporting was not effective, that, as a result of the foregoing, the Company was likely to experience reduced sales, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Bed Bath & Beyond Inc. (NASDAQ: BBBY) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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