His company is in turmoil and he was recently named in a class-action lawsuit.
The man who jumped to his death from the 18th floor of a Manhattan skyscraper on Friday has been identified as 52-year-old Gustavo Arnal, the chief financial officer of troubled Bed Bath & Beyond.
It also comes weeks after Arnal was named in a federal class-action lawsuit that claimed he helped push up the price of Bed Bath & Beyond stock so he could sell off his own shares at a bigger profit. The suit, filed by a lawyer in Washington, alleged that Arnal and activist investor Ryan Cohen conspired in a pump-and-dump scheme that caused the company’s stock to soar, before it later plunged.
Bed Bath & Beyond has not commented beyond a statement confirmed Arnal’s death. Cohen did not respond to requests for comment, and the lawsuit plaintiff also did not respond.
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