NEW ORLEANS--(BUSINESS WIRE)--ClaimsFiler, a FREE shareholder information service, reminds investors that they have only until June 15, 2020 to file lead plaintiff applications in a securities class action lawsuit against Bed Bath & Beyond Inc. (NasdaqGS: BBBY), if they purchased the Company’s securities between October 2, 2019 and February 11, 2020, inclusive (the “Class Period”). This action is pending in the United States District Court for the District of New Jersey.
Bed Bath & Beyond investors should visit us at https://www.claimsfiler.com/cases/view-bed-bath-amp-beyond-inc-securities-litigation or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
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%.
The case is Vitiello v. Bed Bath & Beyond, Inc., et al., 20-cv-04240.
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