Grant & Eisenhofer achieved a confidential settlement in a fiduciary duty action following the $344 million share repurchase program
Plaintiff(s):
Bed Bath & Beyond Inc. and its Plan Administrator
Case type / claims:
Breach of fiduciary duty claims arising from a $344 million share repurchase program executed between October 2021 and March 2022, allegedly harming the company and its creditors amid financial distress preceding bankruptcy.
Defendant(s):
Harriet Edelman and other former directors and officers
Jurisdiction:
Supreme Court of the State of New York, New York County
Year:
2025
Outcome:
- Confidential settlement reached March 2025.
