Shareholder Alert: Robbins LLP Announces Bed Bath & Beyond Inc. (BBBY) Sued for Misleading Shareholders
Bed Bath & Beyond, Inc. (BBBY)
Last bed bath & beyond, inc. earnings: 4/15 04:15 pm
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bedbathandbeyond.com
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Source: Business Wire
SAN DIEGO & UNION, N.J.--(BUSINESS WIRE)--Shareholder rights law firm Robbins LLP announces that a purchaser of Bed Bath & Beyond Inc. (NASDAQ: BBBY) filed a class action complaint against the Company for alleged violations of the Securities Exchange Act of 1934 between October 2, 2019 and February 11, 2020. Bed Bath & Beyond is a retailer that sells a range of domestic merchandise and home furnishings.If you suffered a loss as a result of Bed Bath & Beyond's misconduct, click here.Bed Bath & Beyond Inc. (BBBY) Accused of Misleading Shareholders According to the complaint, on October 2, 2019, Bed Bath & Beyond touted its updated fiscal 2019 full year financial outlook stating that "net sales are estimated to be around $11.4 billion and net earnings per diluted share are estimated to be between $2.08 and $2.13." Later that day, Bed Bath & Beyond stated that the Company "[has] plans to aggressively reduce up to $1 billion of inventory at retail over the next 18 months." Despite posi
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