Judge Allows Suit Seeking Recovery Of $47M In Short-Swing Profits To Continue

( April 23, 2025, 12:35 PM EDT) -- NEW YORK — A federal judge in New York allowed a suit brought by the entity formerly known as Bed Bath and Beyond Inc. seeking to recover more than $47 million in short-swing profits realized by an investor and his company by selling Bed Bath and Beyond common stock in violation of federal securities laws to continue, finding that at this stage in the litigation the entity has provided sufficient evidence showing the defendants qualified as statutory insiders under a beneficial ownership theory of liability, but not under a directors by deputization theory of liability....