Bed Bath & Beyond is 'profoundly saddened by this shocking loss', a company spokesperson said.
A man who jumped to his death from a high-rise luxury apartment building in TriBeCa was the chief financial officer of Bed Bath and Beyond.& Beyond, jumped to his death from a high-rise apartment in Manhattan on Friday afternoon, a law enforcement source previously told CNN.The law enforcement source told CNN on Sunday that Arnal's wife witnessed him jump. The source said while no suicide note was found, no criminality is suspected.
& Beyond's Board of Directors Harriet Edelman said, "I wish to extend our sincerest condolences to Gustavo's family." "Our focus is on supporting his family and his team and our thoughts are with them during this sad and difficult time. Please join us in respecting the family's privacy," Edelman said. Arnal joined Bed Bath& Gamble.
Amal was named as a defendant in a class action lawsuit accusing him, Ryan Cohen and other large shareholders of engaging in a "pump and dump" scheme to artificially inflate the price of the company's stock. The lawsuit was filed last month in United States District Court for the District of Columbia.
The lawsuit claims that Arnal and others made misleading statements and omissions when communicating to investors regarding the company's strategic plans and financial condition, and delayed disclosures about holding and selling their own shares. The suit also alleges the stakeholders shared fake revenue numbers and company plans for spinning off its "Buy Buy Baby" brand to fuel a stock buying frenzy.& Beyond is in deep financial turmoil.
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