An investigation on behalf of current long term investors in Bed Bath & Beyond Inc. (NASDAQ:BBBY) shares over possible breaches of fiduciary duty by certain officers and directors was announce.
San Diego, CA -- (SBWIRE) -- 08/04/2020 -- An investigation was announced over potential breaches of fiduciary duties by certain directors of Bed Bath & Beyond Inc..
Investors who are current long term investors in 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 for investors in NASDAQ: BBBY stocks follows a lawsuit filed against Bed Bath & Beyond Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: BBBY stocks, concerns whether certain Bed Bath & Beyond Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that 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.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , 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, investigation, and/or settlements are not filed/reached and/or 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.