BBBY LOSSES ALERT: Bernstein Liebhard is Investigating Bed Bath and Beyond Inc. and Encourages Investors to Contact the Firm
NEW YORK--(BUSINESS WIRE)--Feb 12, 2020--
Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Bed Bath and Beyond, Inc. (“Bed Bath and Beyond” or the “Company”) (NASDAQ: BBBY) resulting from allegations that Bed Bath and Beyond might have issued misleading information to the investing public.
If you purchased Bed Bath and Beyond securities, and/or would like to discuss your legal rights and options please visit Bed Bath and Beyond Shareholder Investigation or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.
On February 11, 2020, Bed Bath and Beyond made a statement in a press release that announced its preliminary fourth quarter 2019 financial results. In that press release the Company disclosed that they had been suffering from inventory management issues and store traffic declines which would cause the Company to report a 5.4% decline in comparable sales as a result.
On this news, the Company’s share price fell as much as $3.51 per share, or nearly 24%, during intraday trading on February 12, 2020, on unusually heavy trading volume.
If you purchased Bed Bath and Beyond securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/bedbathandbeyondinc-bbby-shareholder-class-action-lawsuit-stock-fraud-250/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
View source version on businesswire.com:https://www.businesswire.com/news/home/20200212005817/en/
CONTACT: Matthew E. Guarnero
Bernstein Liebhard LLP
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES
SOURCE: Bernstein Liebhard LLP
Copyright Business Wire 2020.
PUB: 02/12/2020 03:14 PM/DISC: 02/12/2020 03:14 PM