Bed Bath & Beyond CFO Jumps to His Death, , Shares Sharply Decline.
CNN reports that on Sept. 2, Gustavo Arnal jumped from an apartment in a 57-story high-rise building in the New York neighborhood of Tribeca. .
He died at the age of 52. .
CNN reports that police officers
say his wife saw him jump.
No foul play is suspected.
Harriet Edelman, the Independent Chair of Bed Bath & Beyond's Board of Directors, issued a statement. .
I wish to extend our sincerest condolences to Gustavo's family. , Harriet Edelman, the Independent Chair of Bed Bath & Beyond's Board of Directors, via statement.
Our focus is on supporting his family and his team and our thoughts are with them during this sad and difficult time. Please join us in respecting
the family's privacy, Harriet Edelman, the Independent Chair of Bed Bath & Beyond's Board of Directors, via statement.
CNN reports Amal and other
shareholders were named as defendants in a
class action lawsuit that was filed last month. .
The lawsuit accuses the defendants of participating in a "pump and dump" scheme
to drive up Bed Bath & Beyond's stock. .
CNN reports that in its ongoing battle
to stay out of bankruptcy, .
the retailer recently announced that it will
close nearly 150 stores, lay off 20% of its workforce and utilize over $500 million in financing.