Core Viewpoint - A class action lawsuit has been filed against Bed Bath & Beyond Inc. (NASDAQ: BBBY) on behalf of investors who suffered financial losses due to alleged corporate misconduct by Ryan Cohen [1][5]. Group 1: Allegations Against Ryan Cohen - Ryan Cohen is accused of using pump and dump schemes to artificially inflate the stock price of BBBY, which he had a significant stake in through his company, RC Ventures LLC [3]. - Following Cohen's acquisition of a nearly 10% stake in BBBY, the stock price surged from $4.38 per share on July 1, 2022, to $30.00 per share by August 17, 2022 [3]. - Cohen's Schedule 13D filing with the SEC, claiming beneficial ownership of 9,450,100 shares (approximately 11.8% of outstanding shares), is alleged to be materially false as he sold most of these shares shortly after the filing [4]. Group 2: Stock Price Impact and Financial Losses - After Cohen's disclosure of his share sales, BBBY's stock price plummeted from a high of $30.00 per share to around $22.5 per share in after-hours trading [4]. - Following the announcement that Cohen had sold all his shares, BBBY's stock fell by 45%, closing at $8.78 per share on August 23, 2022, resulting in a loss of over $800 million in market capitalization [5]. - Insiders, including Cohen, reportedly profited at least $110 million from their sales during this period [5].

RT Weihua Li 李卫华 (@Weihua_Li1)About 1/4 of IPOs on Nasdaq’s smallest listing tier since 2023 were promoted in WhatsApp chats, and then crashed or were suspended by @SECGov over potential stock manipulation.For @business, how apparent pump and dump schemes thrived on Wall Street.https://t.co/mShRDEYkYD ...