Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Bed Bath & Beyond Inc. (BBBY)
Bed Bath & Beyond, Inc. (BBBY)
Last bed bath & beyond, inc. earnings: 4/15 04:15 pm
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Source: GlobeNewswire
NEW YORK, April 15, 2020 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a class action lawsuit has been filed against Bed Bath & Beyond Inc. (“Bed Bath & Beyond” or the “Company”) (NASDAQ: BBBY) in the United States District Court for the District of New Jersey on behalf of those who purchased or acquired the securities of Bed Bath & Beyond between October 2, 2019 and February 11, 2020, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Bed Bath & Beyond investors under the federal securities laws. The Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose: (1) due to “aggressive disposition of inventory,” the Company lacked sufficient inventory in key categories to support holiday sales; (2) the Company’s internal control over inventory levels and financial reporting was not effective; (3) as a result of the foregoing, the Company was likely to experience reduced sales; and (4) as a result of the for
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