Bed Bath & Beyond sues Hudson Bay Capital Management for over $300 million, accusing the hedge fund of manipulating a stake acquisition.
Bed Bath & Beyond has filed a lawsuit against Hudson Bay Capital Management for over $300 million, accusing the hedge fund of manipulating the terms of a February 2023 offering to acquire a significant stake without disclosing ownership. The lawsuit alleges Hudson Bay sought a quick profit by exploiting Bed Bath's popularity as a meme stock, leading to the retailer's bankruptcy. Hudson Bay denies the allegations.
May 09, 2024
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