NASDAQ: BBBY

Bed Bath & Beyond Inc.

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Bed Bath & Beyond Inc. (NASDAQ: BBBY) resulting from allegations that Ryan Cohen, his investment firm RC Ventures LLC, and/or the Company may have issued materially misleading business information to the investing public.

If you purchased or sold Bed Bath & Beyond securities between August 15, 2022 and August 19, 2022, both dates inclusive, and would like to join the prospective action, please click “Join This Class Action.”

If you purchased or sold Bed Bath & Beyond securities between August 15 2022 and August 19, 2022, both dates inclusive, you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

On March 6, 2022, through his investment firm RC Ventures LLC, Ryan Cohen, the billionaire co-founder of Chewy Inc. who also serves as chairman of GameStop Corp., sent a letter to Bed Bath & Beyond’s board which announced that he owned a 9.8% stake in Bed Bath & Beyond and in which he criticized the Company’s management. On this news Bed Bath & Beyond stock to closed 34% higher on March 7, 2022 compared to its close on March 4, 2022, the previous trading day, on extremely heavy trading volume. On March 25, 2022, Bed Bath & Beyond added three new directors appointed by Ryan Cohen’s investment firm, RC Ventures LLC.

On August 15, 2022, Ryan Cohen, through his investment firm RC Ventures LLC, announced in an SEC filing purchases of over one million January 2023 call options with exercise prices at $60, $75, and $80—significantly higher than Bed Bath & Beyond shares were trading. On this news, Bed Bath & Beyond stock to closed 29% higher on August 16, 2022 compared to its close on August 15, 2022, on extremely heavy trading volume.

Then, on August 18, 2022, Ryan Cohen, through his investment firm RC Ventures LLC, announced that he would sell his entire stake in Bed Bath & Beyond. Also on August 18, 2022, Bloomberg published an article entitled “Bed Bath & Beyond Taps Kirkland & Ellis for Help Addressing Debt Load” which revealed the Company hired a law firm for help with its debt. On this news, Bed Bath & Beyond shares fell $4.53 per share, or 19%, to close at $18.55 per share on August 18, 2022, on extremely heavy trading volume. Bed Bath & Beyond shares continued to drop on August 19, 2022, falling $7.52 per share, or 40%, from its August 18, 2022 close, to close at $11.03 per share, on extremely heavy trading volume.

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Company Name: Bed Bath & Beyond Inc.
Stock Symbol: BBBY
Class Period: N/A
Court: N/A

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