An investigation was announced concerning possible violations of securities laws by Bed Bath & Beyond Inc. in connection with certain financial statements.
Investors who purchased shares of Bed Bath & Beyond Inc. (NASDAQ: BBBY), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Bed Bath & Beyond Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Union, NJ based Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores.
On February 11, 2020, Bed Bath & Beyond Inc. announced its preliminary fourth quarter 2019 financial results. Therein, the Company disclosed "a 5.4% decline in comparable sales driven primarily by store traffic declines combined with inventory management issues."
Shares of Bed Bath & Beyond Inc. (NASDAQ: BBBY) declined from $16.01 per share on February 6, 2020, to as low as $10.83 per share on February 12, 2020.
Those who purchased shares of Bed Bath & Beyond Inc. (NASDAQ: BBBY) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
