![]() ![]() Cohen's RC Ventures disclosed plans to sell its stake on Aug. Shares in Bed Bath & Beyond have been highly volatile in recent months, being viewed as a so-called "meme" stock, which trade more on social media sentiment than economic fundamentals.Ĭohen, a billionaire investor, disclosed a stake of nearly 10% in early March. The company said it was "in the early stages of evaluating the complaint, but based on current knowledge the company believes the claims are without merit." The lawsuit also alleged that he issued materially misleading statements to investors. District Court for the District of Columbia alleged that Arnal "agreed to regulate all insider sales by BBBY's officers and directors to ensure that the market would not be inundated with a large number of BBBY shares at a given time." It was completed to the accolade from Engineering News-Record naming it 'the best of the best' residential project for 2017. The class action lawsuit listed Arnal as one of the defendants and was brought by a group of shareholders who claimed they lost around $1.2 billion. This building, also known as New York City's Jenga building, stands on land bought from New York Law School in 2007 at the intersection of Church and Leonard. 23, the company, Arnal and major shareholder Ryan Cohen were sued over accusations of artificially inflating the firm's stock price in a "pump and dump" scheme, with the lawsuit alleging Arnal sold off his shares at a higher price after the scheme. The sales amounted to about $1.4 million, and Arnal still had almost 255,400 shares remaining. 16-17, Reuters' calculations showed based on SEC filings. Police responded to the scene that afternoon and found a man dead. Fifty-two-year-old Gustavo Arnal joined the company two years ago, Reuters reported Sunday. It forecast a bigger-than-expected 26% slump in same-store sales for the second quarter and said it would retain its buybuy Baby business, which it had put up for sale.Īrnal sold 55,013 shares in Bed Bath & Beyond in multiple transactions on Aug. 0 2:46 Bed Bath & Beyond’s chief financial officer (CFO) plunged to his death Friday from New York’s Jenga tower in Manhattan. Last week, Bed Bath & Beyond said it would close 150 stores, cut jobs and overhaul its merchandising strategy in an attempt to turn around its money-losing business. The big-box chain - once considered a so-called "category killer" in home and bath goods - has seen its fortunes falter after an attempt to sell more of its own brand, or private-label goods. Bed Bath & Beyond confirmed his death in a press statement on Sunday but gave no details. The police statement did not provide further details on the circumstances leading to Arnal's death and said the New York City Medical Examiner's Office would determine the cause of death. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |