Finance boss of US retailer Bed, Bath & Beyond falls to his death from New York skyscraper
The finance boss of US retailer Bed, Bath & Beyond has fallen to his death from a New York skyscraper.
Gustavo Arnal, 52, fell from the 18th floor of the ‘Jenga’ tower in Tribeca in lower Manhattan, police said.
Tragedy: Gustavo Arnal’s death came just days after the company announced it was closing 150 stores and would cut jobs in a bid to turn around the loss-making business
Arnal’s death on Friday came just days after the company announced it was closing 150 stores and would cut jobs in a bid to turn around the loss-making business.
MailOnline reported that Arnal was being sued for artificially inflating the company’s stock price to sell off his shares at a higher value.
The lawsuit claims shareholders lost nearly £1billion when Arnal and a majority investor engaged in a ‘pump and dump’ scheme.
The document was filed just one week before Arnal’s death.
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