![]() “With control over a significant portion of the public float, Cohen would essentially act as a price support for the stock while Gustavo would act in a similar capacity by controlling the sale of shares by Insiders,” the lawsuit states, according to Fox Business. Bed Bath & Beyond shares have been considered a meme stock in recent months, with a highly volatile price driven in no small part by social media sentiment. The lawsuit alleges Cohen approached Arnal about a plan to control shares of the company so they could both profit. 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,” according to Reuters. District Court for the District of Columbia lists the lead plaintiff as Pengcheng Si. ![]() 23-11 days before Arnal’s death-in the U.S. ![]() ![]() The beleaguered home goods retailer confirmed the death of CFO Gustavo Arnal on Sunday after a New York Post report stated he was the previously unidentified man who “jumped” from the iconic “Jenga” skyscraper in Manhattan. ![]()
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