San Diego, CA -- (SBWIRE) -- 02/27/2020 -- An investigation was announced over potential securities laws violations by Bed Bath & Beyond Inc. in connection with certain financial statements.
Investors who purchased shares of Bed Bath & Beyond Inc. (NASDAQ: BBBY), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Bed Bath & Beyond Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On February 11, 2020, Bed Bath & Beyond Inc. announced its preliminary fourth quarter 2019 financial results. Therein, the Company disclosed "a 5.4% decline in comparable sales driven primarily by store traffic declines combined with inventory management issues."
Shares of Bed Bath & Beyond Inc. (NASDAQ: BBBY) declined from $16.01 per share on February 6, 2020, to as low as $10.56 per share on February 26, 2020.
Those who purchased shares of Bed Bath & Beyond Inc. (NASDAQ: BBBY) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.