New York, New York--(Newsfile Corp. - June 3, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Bed Bath & Beyond Inc. (NASDAQ: BBBY) alleging that the Company violated federal securities laws.
Class Period: October 2, 2019 and February 11, 2020
Lead Plaintiff Deadline: June 15, 2020
Learn more about your recoverable losses in DNK:
The filed complaint alleges that Bed Bath & Beyond Inc. made materially 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.
Shareholders have until June 15, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
For additional information about the BBBY lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/57165