NEW YORK, Sept. 12, 2022 (GLOBE NEWSWIRE) — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC is notifying investors that a class action lawsuit has been filed against Bed Bath & Beyond Inc. (“Bed Bath & Beyond” or the “Company”) BBBY and certain of its officers on behalf of all individuals and entities that purchased or otherwise acquired securities of Bed Bath & Beyond between March 25, 2022 and August 18, 2022, both dates inclusive (the “Collection Period”). Such investors are encouraged to join this case by visiting the company’s website: www.bgandg.com/bbby.

This class action seeks damages against the defendants for alleged violations of federal securities laws.

The lawsuit alleges that the defendants have not disclosed to investors regarding the company’s strategic plans, financial condition, association with Ryan Cohen (“Cohen”) and RC Ventures LLC (“RC”), and reports regarding Bed Bath & Beyond have made materially misleading statements and omissions during the class sale. Specifically, the Complaint alleges that: (1) Cohen and Arnal Gustavo (“Gustavo”) engaged in a fraudulent scheme to artificially inflate the price of publicly traded BBBY stock, and specifically Cohen, Gustavo and others with JP Morgan Securities LLCs (“JPM”) patently misrepresented BBBY’s value and profitability, resulting in BBBY (a) reporting fictitious earnings and (b) publicly announcing that the company is successfully on its way to spinning off Buybuy Baby to ” Unlock[] full value” of that “enormous asset” when Buybuy Baby’s business was in fact small, with minimal revenue, and outside companies would only pay BBBY a small fraction of advertised prices; and (2) Defendants, among other things, filed a materially false claim and constitutes a false written filing because (a) to the best of its knowledge, Cohen sold most of the 9,450,100 shares when the filing was filed; (b) Cohen filed the SEC filing to facilitate the purchase …