Contact a Lawyer Now
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 15, 2020 to file lead plaintiff applications in a securities class action lawsuit against Bed Bath & Beyond Inc. (NasdaqGS: BBBY).
Bed Bath & Beyond and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On February 11, 2020, the Company announced its preliminary 4Q2019 financial results, disclosing “a 5.4% decline in comparable sales driven primarily by store traffic declines combined with inventory management issues,” including that “inventory within certain key categories in the Bed Bath & Beyond assortment was too low or out-of-stock during the period.”
On this news, the price of Bed Bath & Beyond’s shares plummeted over 20%.
If you purchased securities of Bed Bath & Beyond and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Vitiello v. Bed Bath & Beyond, Inc., et al., 20-cv-04240.
Click here to read the first filed complaint.