Reported 2 months ago
Bed Bath & Beyond Inc. has filed a lawsuit against Ryan Cohen, CEO of GameStop, claiming he profited $47 million from insider trading while serving as a statutory director. The complaint alleges that between January and August 2022, Cohen and his company, RC Ventures, used confidential information to make profitable trades of Bed Bath & Beyond's stock, violating the Securities Exchange Act. The lawsuit is part of efforts to recover assets for creditors amidst the company's bankruptcy proceedings.
Source: YAHOO