Levi & Korsinsky, LLP announces that a BBBY class action lawsuit has been filed on behalf of investors who purchased Bed Bath & Beyond Inc. (BBBY) securities between October 2, 2019 and February 11, 2020. For more on the BBBY Lawsuit please contact us today.
According to the Bed Bath & Beyond Inc. lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:
(1) due to “aggressive disposition of inventory,” the Company lacked sufficient inventory in key categories to support holiday sales; (2) the Company’s internal control over inventory levels and financial reporting was not effective; (3) as a result of the foregoing, the Company was likely to experience reduced sales; and (4) 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.
If you suffered a loss in Bed Bath & Beyond Inc. you have until June 15, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.