Bed Bath & Beyond names interim CFO after executive's death
STORY: Bed Bath & Beyond named an interim CFO, according to a regulatory filing on Tuesday, after former chief financial officer Gustavo Arnal fell to his death from a New York City skyscraper in what was later ruled a suicide.
Accounting head Laura Crossen, who has worked at Bed Bath & Beyond for more than two decades, will step into the interim CFO role at a tumultuous time for the struggling retailer.
Arnal's death comes after he, major shareholder Ryan Cohen and the company itself were sued over allegations of artificially inflating Bed Bath & Beyond's stock price in a “pump and dump” scheme.
Arnal sold over 55,000 shares in the so-called meme stock last month, according to Reuters’ calculations based on SEC filings. The sales amounted to about $1.4 million. Arnal still had about 255,000 shares remaining.
The lawsuit alleges Arnal made misleading statements to investors, and sold off his shares at a higher price after the scheme.
The class action lawsuit was brought by a group of shareholders who claimed they lost around $1.2 billion.
The company said it was "in the early stages of evaluating the complaint, but based on current knowledge the company believes the claims are without merit."
Last week, Bed Bath & Beyond said it would close 150 stores, cut jobs and overhaul its merchandising strategy in an attempt to turn around its money-losing business.
Shares of Bed Bath & Beyond fell as much as almost 17% in morning trading.
- 石虎咬死果園6雞10鴨 400隻雞嚇到飛上樹過夜民視影音47,680 次觀看・14 小時前
- 近40輛頂級超跑當「迎娶禮車」 勞斯萊斯.小牛價值破2億TVBS新聞網影音3,019 次觀看・11 小時前
- 南韓生育率創歷史新低 城市推「相親活動」救少子化 免費化妝、背景先審查Yahoo奇摩（國際通）2,063 次觀看・17 小時前
- 載著太太和妹妹南下喝喜酒 遭電纜線扯翻TVBS新聞網影音42,722 次觀看・6 小時前
- 南台灣2億超跑車隊助陣！ 32台豪華禮車迎娶美嬌娘華視影音17,216 次觀看・14 小時前
- 迎亞錦賽1萬7球迷 北捷散場最密2分半一班車民視影音1,791 次觀看・13 小時前
- 國道天降台電纜線？ 「被勾到」害7車追撞1死4傷東森新聞影音1,245 次觀看・6 小時前
- 國道天降台電纜線？「被勾到」害5車追撞釀1死4傷東森新聞影音1,840 次觀看・11 小時前
- 靠海外時尚洗白回大陸？ Angelababy被封為「陸版金卡戴珊」娛樂星聞1,627 次觀看・7 小時前
- 【總統大選】柯自曝民眾黨「瀕臨破產」 陸戰缺糧草、組織陷瓶頸？東森新聞影音5,954 次觀看・6 小時前
- 精華｜這些星座什麼大風大浪都見過！射手故事多到可以出書！？唐綺陽談星室75,240 次觀看・1 週前
- 不用大老遠跑去台北逛唐吉軻德 台中分店開箱！10大必買超值商品Yahoo創作摩人32,161 次觀看・5 天前
- 行醫40年的中醫師的食療配方，教你顧脾胃保護腸道消化｜91歲阿嬤身體問題迎刃而解 Ft.胡乃文醫師 [送你營養吃]黃君聖Sunny營養師103,859 次觀看・1 週前
- 街頭訪問-你的夢想是什麼?你有夢想嗎!?雷達之星14,116 次觀看・2 週前
- 【超商火鍋】用火鍋湯底連吃好幾餐，鴛鴦鍋、麻辣排骨、壽喜燒燉煮、牛奶燉飯、簡單又滿足😌吃播/eating show★特盛吃貨艾嘉f.t煮時光特盛吃貨艾嘉11,589 次觀看・1 週前