An investigation on behalf of investors of NASDAQ:BBBY shares over possible securities laws violations by Bed Bath & Beyond Inc. was announced and NASDAQ:BBBY investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/26/2012 -- An investigation on behalf of investors in Bed Bath & Beyond Inc. (NASDAQ:BBBY) shares over potential securities laws violations by certain officers and directors at Bed Bath & Beyond Inc. in connection with certain financial statements was announced.
Investors who purchased shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY), have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Bed Bath & Beyond Inc. (NASDAQ:BBBY) concerning whether the company, certain of its officers and directors, or others have possibly violated federal securities laws. Specifically, the investigation concerns whether certain statements about Bed Bath & Beyond’s business, its prospects and its operations were potentially materially false and misleading at the time they were made.
Bed Bath & Beyond Inc. (NASDAQ:BBBY) reported that its Total Revenue rose from $7.2billion for the 52weeks period ending on Feb 28, 2009 to $9.49billion for the 52weeks period ending on Feb 25, 2012. Its Net Income rose over the same time periods from $425.12million to $989.54million.
Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) rose from $19.52 per share in March 2009 to as high as $74.72 per share on June 19, 2012.
Then on June 20, 2012, after the market closed, Bed Bath & Beyond Inc. reported its results for its fiscal first quarter and issued its EPS guidance for the second quarter 2012.
NASDAQ:BBBY shares fell from $73.67 per share on June 20, 2012, to 59.33 per share on June 25, 2012.
Those who purchased shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY), have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com