Recent Security Class Actions

Bed Bath & Beyond Inc. Common Stock (NASDAQ: BBBY)

Company Name:Bed Bath & Beyond Inc. Common Stock
Stock Symbol:NASDAQ: BBBY
Class Period Start:09/04/2019
Class Period End (inclusive):02/11/2020
Filing Deadline:06/13/2020

According to the Complaint, Bed Bath & Beyond is a retailer that sells a wide variety of domestics merchandise and home furnishings. It operates under many brand names including Christmas Tree Shops, Harmon, buybuy BABY, and Cost Plus World Market.

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose: (1) that, due to "aggressive disposition of inventory," the Company lacked sufficient inventory in key categories to support holiday sales; (2) that the Company's internal control over inventory levels and financial reporting was not effective; (3) that, as a result of the foregoing, the Company was likely to experience reduced sales; and (4) 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.