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Bed Bath & Beyond Exec Faced $1.2B Insider Trading Lawsuit When He Jumped To His Death: Report Bed Bath & Beyond Exec Faced $1.2B Insider Trading Lawsuit When He Jumped To His Death: Report
Bed Bath & Beyond Exec Faced $1.2B Insider Trading Lawsuit When He Jumped To His Death: Report An executive at Bed Bath & Beyond who jumped 18 stories to his death at the so-called "Jenga" tower in New York City where he lived on Friday, Sept. 2 was facing a $1.2 billion insider trading lawsuit, according to a new report. Gustavo Arnal, age 52, was the company's executive vice president and chief financial officer. Arnal was among several defendants named in a complaint alleging a "pump-and-dump" stock fraud scheme, the Daily Mail first reported. Bed Bath & Beyond, the lead defendant, allegedly made a “materially false and misleading statement” in a Securities and Exchange …

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by Joe Lombardi
Business
Brand-New Restaurant Gears Up For Grand Opening In Nassau County Brand-New Restaurant Gears Up For Grand Opening In Nassau County
Brand-New Restaurant Gears Up For Grand Opening In Nassau County A brand-new restaurant that specializes in Indian cuisine is preparing to host its grand opening on Long Island. Mahal, located in Nassau County, is currently in its soft opening phase, with plans for a grand opening and ribbon-cutting during the second week in February. Representatives said the upscale restaurant first opened its doors in the middle of December, and the eatery has been seeing a lot of support from the community, with many guests coming in on the weekends in particular. The restaurant, located at 290 Glen Cove Road in Roslyn Heights, is owned by Chef Santokh Singh, who pr…

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by Nicole Valinote