“The 52-year-old told colleagues he was stressed from the attention that his stock sale generated, saying that people and some media outlets misinterpreted it and didn’t acknowledge that it was preplanned, said the people familiar with the matter.
On Aug. 23, he was named as a defendant in a shareholder’s suit, along with the company, a bank and Mr. Cohen. The lawsuit, seeking class-action status, was filed by an attorney in Washington, D.C., named Pengcheng Si claiming about $100,000 in losses on his Bed Bath & Beyond investment.”
This is tragic. Insider information revealed the CFO was wrongly accused of pump and dump for a sale that he had already preplanned in April. He had been working 18 hours a day to build a restructuring plan, and he was stressed his effort would be misconstrued. He was right. The publicity from hedge funds short selling the stock and “law firms” accusing him without merit essentially took his life.
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