of Bed, Bath & Beyond's former chief financial officer amid allegations of fraud against him raises further questions about the struggling chain.
Bed, Bath & Beyond did not respond to a request for comment. On its website, the company called Arnal's death a"shocking loss." Cohen is credited with engineering a turnaround at GameStop, and his ownership was seen by some retail investors as a positive signal for Bed, Bath & Beyond. To kick-start the home goods company's recovery, he quickly helped usher Bed, Bath & Beyond's CEO and chief marketing officer out the door and appointed two new directors.
According to the lawsuit, Cohen and Arnal cooked up a scheme whereby Cohen would hype the company's stock publicly while Arnal would limit stock sales by insiders, driving up its price. The complaint also claims that Cohen lied when he re-stated his ownership of the company and alleged that he had started selling his stock at that point.
She had help
Plunged was not the correct word to use