The executive vice president and chief financial officer of Bed Bath & Beyond (BBBY) who died from an apparent suicide when he reportedly jumped from a New York skyscraper on Sept. 2, had been facing a $1.2 billion stock suit since late August over allegedly inflating the company’s share value.
The New York City medical examiner’s office said CFO Gustavo Arnal died from multiple blunt trauma and that he had taken his own life.
A group of shareholders that claimed a loss of around $1.2 billion sued Arnal and majority shareholder Ryan Cohen, who also is a billionaire investor and GameStop chairman, for accusations of artificially inflating the firm’s stock price in a “pump and dump” stock fraud scheme….