https://www.yahoo.com/finance/news/bed-bath-beyond-cfo-plunges-134524108.html

Bed Bath & Beyond Inc's chief financial officer fell to his death from
New York's Tribeca skyscraper known as the "Jenga" tower on Friday
afternoon, police said, just days after a lawsuit alleged he was
involved in a "pump and dump" scheme.

Gustavo Arnal, 52, joined Bed Bath & Beyond in 2020. He previously
worked as CFO for cosmetics brand Avon in London and had a 20-year stint
with Procter & Gamble, according to his LinkedIn profile.

On Friday at 12:30 p.m. ET (1630 GMT), police responded to a 911 call
and found a 52-year-old man dead near the building who appeared to have
suffered injuries from a fall. Police identified the man as Gustavo Arnal.

The police statement did not provide further details on the
circumstances leading to Arnal's death and said the New York City
Medical Examiner's Office would determine the cause of death. Bed Bath
and Beyond confirmed his death in a press statement on Sunday but gave
no details.

Arnal sold 55,013 shares in Bed Bath & Beyond in multiple transactions
on Aug. 16-17, Reuters' calculations showed based on SEC filings. The
sales amounted to about $1.4 million, and Arnal still had almost 255,400
shares remaining.

On Aug. 23, the company, Arnal and major shareholder Ryan Cohen were
sued over accusations of artificially inflating the firm's stock price
in a "pump and dump" scheme, with the lawsuit alleging Arnal sold off
his shares at a higher price after the scheme.

The class action lawsuit listed Arnal as one of the defendants and was
brought by a group of shareholders who claimed they lost around $1.2
billion.

The filing in the U.S. District Court for the District of Columbia
alleged that Arnal "agreed to regulate all insider sales by BBBY's
officers and directors to ensure that the market would not be inundated
with a large number of BBBY shares at a given time."

The lawsuit also alleged that he also issued materially misleading
statements to investors.

The company did not respond to a request for comment on the lawsuit.

The death of the CFO was reported earlier by the New York Post while the
lawsuit was reported first by the Daily Mail.

The big-box chain - once considered a so-called "category killer" in
home and bath goods - has seen its fortunes falter after an attempt to
sell more of its own brand, or private-label goods.

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.

Bed Bath & Beyond forecast a bigger-than-expected 26% slump in
same-store sales for the second quarter and said it would retain its
buybuy Baby business, which it had put up for sale.

Well, I AM notorious for asterisked verbosity within certain circles, and seem downright detested around THIS realm for not-in-the-LEAST-miniscule mini-essays rife with [allegedly-unwarranted] long-windedness.

Ergo, some succinct news analysis:

The late Gustavo Arnal pumped, dumped and jumped.

BRYAN STYBLE/Florida

Do Middle Eastern desert dwellers purchase their garments at ... Bedouin, Ba'ath, and Beyond?

That Derek <thatderek@yahoo.com> wrote:
> Do Middle Eastern desert dwellers purchase their garments at ... Bedouin, Ba'ath, and Beyond?

That's outside my bey-liwick.

-=-=-
The World Trade Center towers MUST rise again,
at least as tall as before...or terror has triumphed.

On Thursday, September 8, 2022 at 12:54:18 AM UTC-4, radioacti...@gmail.com wrote:
> Well, I AM notorious for asterisked verbosity within certain circles, and seem downright detested around THIS realm for not-in-the-LEAST-miniscule mini-essays rife with [allegedly-unwarranted] long-windedness.
>
> Ergo, some succinct news analysis:
>
> The late Gustavo Arnal pumped, dumped and jumped.
>
> BRYAN STYBLE/Florida

Congrats to Mr.B S......I didn't think it was possible to "out-pompous ass" yourself, but mission accomplished!