Hudson Bay Wins Dismissal of Bed Bath Trading Gains Lawsuit

Hudson Bay Wins Dismissal of Bed Bath Trading Gains Lawsuit

Hudson Bay Capital Management won dismissal of a lawsuit by the former Bed Bath & Beyond Inc. alleging the hedge fund wrongly sidestepped stock ownership rules during the retailer’s downward spiral.

Hudson Bay wins dismissal of Bed Bath & Beyond lawsuit

Hudson Bay Capital Management has secured the dismissal of a lawsuit brought by the former Bed Bath & Beyond Inc (Bed Bath), which alleged the multi-strategy hedge fund firm improperly profited from the retailer’s decline, according to a report by Bloomberg. Filed in May 2024, the suit sought to recover more than $300m in trading gains, claiming Hudson Bay breached rules requiring investors and executives with stakes above 10% to forfeit short-t…