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A U.S. judge has ruled that GameStop CEO Ryan Cohen must face a lawsuit filed by the company formerly known as Bed Bath & Beyond. The lawsuit alleges that Cohen and his company profited approximately $47 million from trading Bed Bath & Beyond stock prior to the retailer's bankruptcy. Cohen's attempt to dismiss the case was unsuccessful, and the legal action seeks to recover the profits he earned from the stake sale. The allegations include claims of insider trading related to the stock transactions. The case continues to draw attention amid scrutiny of Cohen's financial activities involving the home goods retailer.
🇺🇸 GameStop CEO Ryan Cohen loses bid to toss lawsuit accusing him of raking in $47M in profit from Bed Bath & Beyond stake sale https://t.co/bHdNicdmcO
Ryan Cohen, the billionaire chief executive of GameStop , must face a lawsuit by the company once known as Bed Bath & Beyond to recoup $47.2 million of profit from trading its stock before the home goods retailer went bankrupt. https://t.co/hEgYpH9zUC https://t.co/xK2yGGRa4q
The corporation previously known as Bed Bath & Beyond Inc. advanced a lawsuit alleging GameStop Corp. CEO Ryan Cohen and his company collected $47 million through insider trading of the retailer’s stock. https://t.co/wcrHCNVArH
