The volatile trading continued on Bed Bath & Beyond (NASDAQ:BBBY) on Monday with shares swinging 7.58% to partially recover from Friday’s 28.00% drop.
The retailer faces a new legal challenge after being sued on Friday by former CEO Mark Tritton in New York state court. Tritton accused Bed Bath & Beyond (BBBY) of failing to honor his $6,765,000 severance agreement by not making required bi-monthly payments.
Last week, BBBY filed to offer $300M shares and guided for Q4 sales to come in below expectations.
Source: Seeking Alpha
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