MONSEY, NY, Sept. 06, 2022 (GLOBE NEWSWIRE) — The law firm of Wohl & Fruchter LLP is investigating whether Ryan Cohen (“Cohen”) and RC Ventures LLC (“RCV”) in connection with their recent sales of common stock and Call -Bed Bath & Beyond Inc. (Nasdaq: BBBY) (“BBBY”) Options.

If you remain a BBBY shareholder and have questions about your legal rights, you can contact our firm at the link below to discuss your options free of charge:

https://wohl Fruchter.formstack.com/forms/bbby_investigation

Alternatively, you can contact us by phone at 866-833-6245 or email at alerts@wohl Fruchter.com.

Why is there an investigation?
On March 6, 2022, Cohen, in his capacity as RCV’s manager, wrote a letter to BBBY’s board of directors (“Board of Directors”) disclosing that RCV beneficially owned approximately 9.8% of BBBY’s outstanding shares. Among other things, the letter expressed (i) concerns about BBBY’s leadership compensation in relation to performance and its strategy to reinvigorate significant growth, and (ii) recommended operational changes and the exploration of strategic alternatives, including the spin-off of BuybuyBaby, Inc .and an outright sale of the company. Cohen concluded the letter by saying, “I am unable to join the Bed Bath Board of Directors and personally advance the initiatives outlined in this letter. However, this does not mean that RC Ventures will not seek to hold the board and management accountable when necessary.”

On March 7, 2022, Cohen and RCV filed a Schedule 13-D with the SEC disclosing that RCV had directly acquired 7,780,000 BBBY shares for approximately $119,376,296 and call options set at $1,670. 100 BBBY shares could be exercised for approximately $1,785,263. The call options expired in January 2023, had exercise prices between $60 and $80 per share and were acquired on February 28, 2022 and March 1, 2022. BBBY stock closed at $16.89 per share on February 28, 2022 and $16.67 on March 1…