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 firstname.lastname@example.org 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.
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