LOS ANGELES, CA / ACCESSWIRE / April 26, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Bed Bath & Beyond Inc. ("Bed Bath & Beyond" or "the Company") (NASDAQ:BBBY) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Bed Bath & Beyond issues a press release on February 11, 2020, announcing the Company's fourth quarter 2019 financial results. The Company disclosed "a 5.4% decline in comparable sales driven primarily by store traffic declines combined with inventory management issues." Based on this news, shares of Bed Bath & Beyond traded down by almost 24% in intraday trading on the same day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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SOURCE: The Schall Law Firm
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